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प्रश्न
Time Deposit account is also known as ______.
विकल्प
Recurring Deposit account
Current account
Saving Deposit account
Fixed Deposit account
MCQ
रिक्त स्थान भरें
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उत्तर
Fixed Deposit account
Explanation:
A Time Deposit account (also known as a Term Deposit) is a bank account in which a large sum of money is locked for a set length of time at a specific interest rate. Because the funds are committed for a set period of time (varying from a few days to several years) and cannot be withdrawn without incurring a premature penalty, it is commonly referred to as a Fixed Deposit (FD) account.
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