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प्रश्न
Give three differences between saving deposits and recurring deposits.
अंतर स्पष्ट करें
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उत्तर
| Sr. No. | Basis of Comparison | Savings Deposit | Recurring Deposit |
| 1. | Frequency of Deposits | The account holder can deposit any amount of money at any time based entirely on their own personal financial convenience. | The account holder must deposit a strictly fixed, identical sum of money at regular intervals (usually monthly) for a predetermined period. |
| 2. | Rate of Interest | The bank offers a low to moderate rate of interest because the depositor can withdraw their money at any moment, forcing the bank to keep the funds highly liquid. | The bank rewards the depositor with a significantly higher rate of interest because the steady accumulation of funds provides a highly predictable pool of capital for long-term investments. |
| 3. | Withdrawal and Liquidity | The depositor enjoys unrestricted liquidity and can withdraw funds instantly on demand using a chequebook, debit card, or digital payment without facing any financial penalties. | The depositor faces restricted liquidity as the accumulated money is only paid out upon reaching maturity, and pulling funds out prematurely results in a financial penalty. |
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