Economy, asked by bhupenders535, 19 days ago

Q.4 In recurring deposits a) Afixed sum is deposited ever months. b) Period of deposit is a fixed tenure. c) Interest is paid d) All of the above

Answers

Answered by bhaveshverma877

Answer:

Fixed Deposits are deposits where a particular sum of money is invested for a fixed duration. The duration of Fixed Deposits is flexible. It can range from 7 days to 10 years. The rate of interest for the Fixed Deposit depends on the period for which the funds are locked in.

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