Question

In which kind of account the bank gives maximum rate of interest on the deposited amount?
a) current account
b) recurring account
c) fixed deposit account
d) saving account ​

Answer 1

Answer:

A fixed deposit is the simplest form of financial investment.

You can create a fixed deposit with a bank or NBFC (Non-Banking Financial Institution) as per your convenience.

The rate of interest paid on fd interest rates is higher than the interest paid on savings bank account.