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CBSE Class 11-commerce Answered

What is the difference between recurring and fixed deposit account? ?
 
Asked by shiphalijain | 05 Oct, 2017, 04:17: PM
answered-by-expert Expert Answer

 

Difference between recurring and fixed deposit account

Recurring account

Fixed deposit account

Deposited a specified sum of money every month for a specified period of time

Deposited a lump-sum amount for a specified period of time

Rate of interest is higher than savings but not fixed deposit account

Higher rate of interest is offered

It is also known as cumulative cumulative time deposits

It is also known as long term or time deposits
Answered by Tharageswari S | 06 Oct, 2017, 08:51: AM
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<div>Why a person prefer current deposit account if no interest is paid rather some service charges are charged?&nbsp;</div>
Asked by shiphalijain | 08 Oct, 2017, 10:45: AM
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<div>Ifa person has taken insurance of fire for his company &nbsp;and nothing happen to its company in the future, then what will happen to the amount which he had deposited to the insurer?</div>
Asked by shiphalijain | 05 Oct, 2017, 04:39: PM
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<div>Why everyone prefer other accounts if such good facilities are provided by multiple option deposit account? ?</div>
Asked by shiphalijain | 05 Oct, 2017, 04:19: PM
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CBSE 11-commerce - Business Studies
<div>What is the difference between recurring and fixed deposit account? ?</div> <div>&nbsp;</div>
Asked by shiphalijain | 05 Oct, 2017, 04:17: PM
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<div>what do you mean by unlimited liability.</div>
Asked by sntshtrk530 | 07 Sep, 2017, 10:45: PM
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