Correspondence with Banks — Secretarial Practice STD 11 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsSecretarial PracticeCorrespondence with Banks1 Mark
Question
What is a time deposit?
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Answer
Deposits that are repayable after a specific period of time are called time deposits. There are 2 types of time deposits i.e. Fixed Deposits and Recurring Deposits.
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