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From the folowing which is the incorrect statement about RD (Recurring Deposit)?a) Recurring Deposit accounts are normally allowed for maturities ranging from 6 months to 120 months b) These accounts can be opened in single or joint names c) Rate of Interest offered is similar to that in Fixed Deposits d) Interest is compounded on quarterly basis in recurring deposits e) None of these |
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Answer» Rate of Interest offered is similar to that in Fixed Deposits is the incorrect statement about RD (Recurring Deposit). |
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