There is no interest on deposit in this type of account

Related MCQs

• A fixed deposit is meant for those investors who want to deposit a ----------- of money for a fixed deposit.
• Creation of derivative deposit out of the money from primary deposit is called---------------------
• A kind of deposit where depositor is required to deposit a fixed amount at regular intervalfor a specific period is
• A kind of deposit where depositor is required to deposit a fixed amount at regular interval for a specific period is
• ___________is a kind of deposit where depositor is required to deposit a fixed amount of money every month for a specific period of time
• Interest on fixed deposit is compounded-------------.
• Insurable interest means ……………………………..interest
• Insurable interest means___________ interest
• -------------is a funds transfer mechanism where account to another bank account is real time.
• Demand deposit also known as ---------------- .