Banking Awareness - Types Of Bank Accounts
In a recurring deposit account, how is the deposit amount usually paid?
In a recurring deposit account, how is the deposit amount usually paid?
easy Q2 of 15
Step-by-Step Solution
Step 1: Recall RD deposit structure.
RD is based on regular deposits.Step 2: Identify the payment pattern.
Deposits are made every month.Final Answer:
In fixed monthly instalments → Option BQuick Check:
RD = fixed monthly instalments ✅
Quick Trick: RD always means monthly instalment.
Common Mistakes:
- Assuming RD works like FD.
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