Question

Explain fixed deposit account and recurring deposit account.​

Answer 1

While both recurring deposit and fixed deposit is for a fixed tenure, fixed deposit investors need to invest an amount once while recurring deposit investors get the privilege of investing a fixed amount at regular intervals.

As you can see, after a year you will receive Rs 26324 in a fixed deposit while in RD you will receive Rs 25195. So the recurring deposit earns you Rs 1039 less than a fixed deposit.. The primary reason for this difference is that in FD you invest a lumpsum amount and so the entire money earns interest for one year.

HOPE IT HELPS

MARK AS BRAINLIST DEAR ✌️

#ALWAYS BE LIKE WILD CHILD ❤️