Recurring Deposit

Q. Choose the correct option in the ascending order of interest rates for each deposit scheme.

1. Savings Deposit < Fixed Deposit < Recurring Deposit
2. Savings Deposit < Recurring Deposit < Fixed Deposit
3. Recurring Deposit < Fixed Deposit < Savings Deposit
4. Recurring Deposit < Savings Deposit < Fixed Deposit

Q. A, B, and C have deposited their money in a bank on three different deposit schemes. It is evident that they have invested in savings, fixed, and recurring deposits.

B receives an interest amount higher than C, and A receives an interest amount higher than B. Identify the deposit schemes utilised by A, B, and C.

1. A - Savings
   B - Fixed
   C - Recurring
2. A - Fixed
   B - Recurring
   C - Savings
3. A - Recurring
   B - Savings
   C - Fixed
4. A - Recurring
   B - Fixed
   C - Savings

Q. Which of the following is the right option in the ascending order of interest rates for each deposit scheme?

1. Savings Deposit < Fixed Deposit < Recurring Deposit
2. Savings Deposit < Recurring Deposit < Fixed Deposit
3. Recurring Deposit < Fixed Deposit < Savings Deposit
4. Recurring Deposit < Savings Deposit < Fixed Deposit

Q. Fathima draws a monthly salary and plans to invest a small amount every month. She expects to receive interest at the time of maturity. Which among the following deposit schemes must Fathima choose?

1. Current deposit
2. Fixed deposit
3. Recurring deposit
4. Savings deposit