Give 5 difference between Fixed Deposit and Recurring Deposit on the basis of distinction......plz guys help me its urgent
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Give 5 difference between Fixed Deposit and Recurring Deposit on the basis of distinction......plz guys help me its urgent
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Answer:
I don't know question sorry
Answer:
Hey mate here is ur ANSWER
Parameters ---- Fixed Deposit----- Recurring
1)DepositManner of investment :-
Invest a lump sum amount for a fixed period--- ----Invest a fixed amount every month for a fixed period
2)TenureMinimum :-
7 days and maximum 10 years -----
Minimum 6 months and maximum 10 years
3)Minimum investment amount :-
Rs 5,000 -----
Rs 500
4) Interest (pay-out) :-
Monthly or quarterly pay-out is available----
Monthly or quarterly pay-out is not available
5) Auto-renewal optionIs :-
Is available.You can renew either only principal or both principal plus interest------
Not available
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