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प्रश्न
Give any two points of difference between a fixed deposit account and a recurring deposit account.
अंतर स्पष्ट करें
उत्तर
| Sr. no | Fixed Deposit Account | Recurring Deposit Account |
| 1 | In a fixed deposit account, individuals are required to deposit a single, lump sum amount at once, allowing them to accrue interest over a predetermined period. | In a recurring deposit account, individuals are advised to deposit a consistent sum of money at regular intervals over a predetermined period, enabling them to earn interest on the accumulated amount. |
| 2 | In a fixed deposit account, withdrawing money before the maturity date results in incurring a penalty. | In a recurring deposit account, it is possible to withdraw money before the maturity date. |
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