Question

Give 5 difference between Fixed Deposit and Recurring Deposit on the basis of distinction......plz guys help me its urgent​

Answer 1

Answer:

I don't know question sorry

Answer 2

Answer:

Hey mate here is ur ANSWER

Parameters ---- Fixed Deposit----- Recurring

1)DepositManner of investment :-

Invest a lump sum amount for a fixed period--- ----Invest a fixed amount every month for a fixed period

2)TenureMinimum :-

7 days and maximum 10 years -----

Minimum 6 months and maximum 10 years

3)Minimum investment amount :-

Rs 5,000 -----

Rs 500

4) Interest (pay-out) :-

Monthly or quarterly pay-out is available----

Monthly or quarterly pay-out is not available

5) Auto-renewal optionIs :-

Is available.You can renew either only principal or both principal plus interest------

Not available

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