Question

in which type of account the deposit amount cannot be withdrawn before the expiry of the term​

Answer 1

Explanation:

In this case, the deposit is called the Cumulative FD or compound interest FD. For such deposits, the interest is paid with the invested amount on maturity of the deposit at the end of the term. Although banks can refuse to repay FDs before the expiry of the deposit, they generally don't.

Answer 2

Explanation:

a term deposit account is used to hold money for a fixed period of time . in return for this , the bank pays interest on the team deposit . However, you are not allowed to withdraw your money before expiry of the fixed duration