Banks give more interest on Saving Accounts than Fixed Deposit.

True

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False

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Solution

The correct option is B False
Banks give more interest on Fixed Deposit and Reccuring Deposit. Interest rates given on Savings account is relatively lower than these.

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Similar questions

Banks give more interest on Savings Account than Fixed Deposit Account.

Fixed deposit account provides more interest than savings bank account.

Banks give no interest on the money deposited in Savings Account.

Current account gives more interest than Savings account.

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