Question

recurring and fixed account difference​

Answer 1

Answer:

In Fixed Deposit, an amount is deposited for a fixed period of time.

A fixed deposit provides interest on the deposited amount.

Whereas, in Recurring Deposits,the customer deposits fixed amounts in small intervals for a long period.

The main purpose of a RD is to develop the habit of saving on a regular basis.

Explanation:

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Answer 2

Answer:

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