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Question
Distinguish between:
Current Deposits and Recurring Deposits
Distinguish Between
Solution
| Current Deposits | Recurring Deposits | |
| Meaning | Current deposits are deposits made by businessmen in current accounts as many times as necessary. | Recurring deposits are deposits made in recurrent accounts at regular times by small savers. |
| Type | Current deposits are demand deposits. | Recurring deposits are term (time) deposits. |
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Organized Sector - Commercial Banks
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