BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which among the following accounts deposit fetch the highest rate of interest?
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Savings deposit
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Recurring deposit
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Fixed deposit
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Current account deposit
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Explanation:
Detailed explanation-1: -Fixed deposit provides highest rate of interest as a large amount of money is deposited in this account for a longer duration.
Detailed explanation-2: -Fixed Deposits (FD) offers the highest rate of interest, ranging from 4 to 7.25 percent.
There is 1 question to complete.