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Different Types of Accounts

Bank allow th...

Question

Bank allow the prematurity of fixed deposits. Then they usually collect penal of interest on _____ for the premature withdrawal of fixed deposits.

A

principal

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B

maturity amount

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C

rate of interest

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D

profit

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Solution

The correct option is C rate of interest
Bank allow the prematurity of fixed deposits. Then they usually collect penal of interest on rate of interest for the premature withdrawal of fixed deposits.

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