Banking Awareness - Types Of Bank Accounts
Which factor mainly influences the maturity value of a recurring deposit?
Which factor mainly influences the maturity value of a recurring deposit?
medium Q6 of 15
Step-by-Step Solution
Step 1: Recall RD calculation basis.
Maturity depends on deposits and duration.Step 2: Eliminate irrelevant factors.
Withdrawals and daily balance do not apply.Final Answer:
Monthly deposit amount and tenure → Option BQuick Check:
More amount or longer tenure = higher maturity value ✅
Quick Trick: RD value depends on money and time.
Common Mistakes:
- Thinking maturity depends on withdrawal count.
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