Fixed deposits and recurring deposits are

Options

A. repayable after an agreed period
B. repayable on demand
C. not repayable
D. repayable after death of deposite

Answer

A

Explanation

In fixed deposit you deposit a certain sum for a definite period. You can opt either for periodical (monthly/quarterly/half yeraly or annully) returns of simply opt to get the amount with accumulated interset at the end of the prescribled peirod. In recurring deposit, you pay a fixed amount the at reguar intervals (say 100 PM for 12 months). You will get back the amount with accumulated interest at the end of the prescribed period.