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Questions
Give two differences between recurring deposits and fixed deposits.
Differentiate between recurring deposits and fixed deposits.
Solution
| S. No. | Basis | Recurring deposits | Fixed Deposits |
| 1. | Deposit Structure | Regular, fixed monthly deposits over a specific period. | A one-time, lump-sum deposit for a specific period. |
| 2. | Investment Frequency | Deposits are made periodically, typically every month. | Deposit is made once at the beginning of the term. |
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