Banking Awareness - Types Of Bank Accounts
Which action would most negatively affect the returns of a recurring deposit?
Which action would most negatively affect the returns of a recurring deposit?
hard Q10 of 15
Step-by-Step Solution
Step 1: Identify return-impacting behaviour.
Irregular deposits reduce interest.Step 2: Match with correct action.
Missing instalments leads to penalty and lower returns.Final Answer:
Missing monthly instalments → Option BQuick Check:
Irregular saving = reduced RD benefit ✅
Quick Trick: Consistency is key for RD returns.
Common Mistakes:
- Thinking tenure choice always reduces returns.
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