Question

Rahul's father wants to save Rs100000.So that he can gift the money to rahul on his graduation day.Which types of deposit should he open ? Explain.

Answer 1

Answer:

• Fixed Deposit should be opened with bank. Fixed accounts are time deposits with higher rate of interest as compared to the savings accounts.

Explanation:

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Answer 2

Explanation:

fixed deposit should be opened with bank. fixed accounts are time deposits with higher rate of interest as compared to the savings accounts