Advertisements
Advertisements
प्रश्न
Time Deposit account is also known as ______.
पर्याय
Recurring Deposit account
Current account
Saving Deposit account
Fixed Deposit account
MCQ
रिकाम्या जागा भरा
Advertisements
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 Because the funds are committed for a set period of time (varying from a few days to several years) and cannot be withdrawn without incurring a premature penalty, it is commonly referred to as a Fixed Deposit (FD) account.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
