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प्रश्न
A recurring deposit is also known as:
विकल्प
maturity deposit
cumulative time deposit
regular saving deposit
investment fund deposit
MCQ
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उत्तर
Cumulative time deposit
Explanation:
A recurring deposit involves regular (typically monthly) instalments that accumulate over a fixed period and pay out at maturity; in the provided materials recurring/cumulative deposit accounts are used interchangeably, so “cumulative time deposit” is the correct alternative name.
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