In which type of account, can the depositor select a fixed monthly deposit?

Fixed deposit

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Current

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Recurring Deposit

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Savings

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Solution

The correct option is C
Recurring Deposit

Recurring Deposit is a special type of term deposit offered by banks in India which help people with regular incomes todeposit a fixed amount every month into their recurring Deposit account and earn interest at the rate applicable to fixed deposits.

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In which type of account, can the depositor select a fixed monthly deposit?

The correct option is C Recurring Deposit Recurring Deposit is a special type of term deposit offered by banks in India which help people with regular incomes todeposit a fixed amount every month into their recurring Deposit account and earn interest at the rate applicable to fixed deposits.

The correct option is C
Recurring Deposit

Recurring Deposit is a special type of term deposit offered by banks in India which help people with regular incomes todeposit a fixed amount every month into their recurring Deposit account and earn interest at the rate applicable to fixed deposits.