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Which of the following are classified under term deposits?a)Fixed deposit (with simple interest payable every 6 months)b)Short-term deposits (period of deposit is fixed at 6 months)c)Reinvestment deposit scheme (interest is not paid out but reinvested by the bank. The interest is capitalized)d)Recurring deposits scheme (deposits are credited in equal instalments quarterly by the customers)Correct answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Which of the following are classified under term deposits?a)Fixed deposit (with simple interest payable every 6 months)b)Short-term deposits (period of deposit is fixed at 6 months)c)Reinvestment deposit scheme (interest is not paid out but reinvested by the bank. The interest is capitalized)d)Recurring deposits scheme (deposits are credited in equal instalments quarterly by the customers)Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following are classified under term deposits?a)Fixed deposit (with simple interest payable every 6 months)b)Short-term deposits (period of deposit is fixed at 6 months)c)Reinvestment deposit scheme (interest is not paid out but reinvested by the bank. The interest is capitalized)d)Recurring deposits scheme (deposits are credited in equal instalments quarterly by the customers)Correct answer is option 'C'. Can you explain this answer?.

Solutions for Which of the following are classified under term deposits?a)Fixed deposit (with simple interest payable every 6 months)b)Short-term deposits (period of deposit is fixed at 6 months)c)Reinvestment deposit scheme (interest is not paid out but reinvested by the bank. The interest is capitalized)d)Recurring deposits scheme (deposits are credited in equal instalments quarterly by the customers)Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.

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