In which of the following types of accounts, fixed amount has to deposit over a fixed interval of time?
In which of the following types of accounts, fixed amount has to deposit over a fixed interval of time?
[A]Saving account
[B]Current account
[C]Recurring Deposit account
[D]Term Deposit
Recurring Deposit account
The account in which the fixed amount has to deposit over a fixed interval of time is called recurring deposit account.