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प्रश्न
What is a Recurring Deposit Account?
What do you mean by Recurring Deposit Account.
लघु उत्तरीय
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उत्तर
- In this account, the account holder is required to deposit a specific amount every month.
- After the expiry of the specified period, the depositor gets back his money together with interest thereon.
- The number of installments may vary from 12 to 72.
- A pass book is issued to the depositor but no cheque book is issued.
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Types of Bank Deposit Accounts
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 7: Banking and Bank Transactions - EXERCISES [पृष्ठ १२७]
संबंधित प्रश्न
______ is a book issued by a bank to an account holder.
______ are the main types of bank accounts.
In this account, the account holder is required to deposit a specific amount every month. After the expiry of the specified period, the depositor gets back his money together with interest thereon.
A fixed deposit is also known as ______.
In this type of account, no cheque book is issued to the account holder:
ATM means ______.
What is a savings deposit?
