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Which factor mainly influences the maturity value of a recurring deposit?

medium Q6 of 15
Banking Awareness - Types Of Bank Accounts
Which factor mainly influences the maturity value of a recurring deposit?
ANumber of withdrawals
BMonthly deposit amount and tenure
CAccount holder category
DDaily account balance
Step-by-Step Solution
  1. Step 1: Recall RD calculation basis.

    Maturity depends on deposits and duration.
  2. Step 2: Eliminate irrelevant factors.

    Withdrawals and daily balance do not apply.
  3. Final Answer:

    Monthly deposit amount and tenure → Option B
  4. Quick 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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