We can withdraw money from a Recurring Deposit Account.

True

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False

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Solution

The correct option is B
False

In Recurring Deposit you can deposit money at regular intervals for a FIXED duration and you are not allowed to withdraw the money during that duration. Banks provide more interest in recurring deposit as compared to savings bank account. So, the given statement is False.

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Similar questions

We can't withdraw money from a fixed deposit account.

We can withdraw or deposit money in which of the following accounts on regular or irregular intervals?

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