in which type of account provides cheque facilities a) fixed deposit b) recurring deposit c)saving account d) current account?
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A fixed deposit, or 'FD', is a type of bank account that promises the investor a fixed rate of interest. In return, the investor agrees not to withdraw or access their funds for a fixed period of time. In a fixed deposit, interest is only paid at the very end of the investment period.
What are the Different Banking Deposits? As we told, there are mainly four banking deposits popular among the customers. These are Savings Account, Current Account, Fixed Deposit (FD) and Recurring Deposit (RD).
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