Which among the following accounts fetch the highest rate of interest?
fixed deposits
recurring deposits
saving deposits
current deposits

Question

Which among the following accounts fetch the highest rate of interest-fixed depositsrecurring depositssaving depositscurrent deposits

Toppr Admin · Accepted Answer

Fixed Deposits -FD- are investment instruments offered by banks and non-banking financial companies- where one can deposit money for a higher rate of interest than savings accounts- These deposits- hence- offer the highest rate of interest- ranging from 4 to 7-25 percent-

Which among the following accounts fetch the highest rate of interest?fixed depositsrecurring depositssaving depositscurrent deposits

Fixed Deposits (FD) are investment instruments offered by banks and non-banking financial companies, where one can deposit money for a higher rate of interest than savings accounts. These deposits, hence, offer the highest rate of interest, ranging from 4 to 7.25 percent.

Which among the following accounts fetch the highest rate of interest?
fixed deposits
recurring deposits
saving deposits
current deposits

Fixed Deposits (FD) are investment instruments offered by banks and non-banking financial companies, where one can deposit money for a higher rate of interest than savings accounts. These deposits, hence, offer the highest rate of interest, ranging from $4$ to $7.25$ percent.