Question : _______ are those where a monthly instalment is deposited in the accounts every month.
Option 1: Savings bank deposits
Option 2: Reinvestment deposits
Option 3: Fixed deposits
Option 4: Recurring deposits
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Correct Answer: Recurring deposits
Solution : The correct option is Recurring deposits .
Recurring deposits are financial accounts where a fixed monthly instalment is deposited every month into the account. These deposits are a popular savings option typically offered by banks and financial institutions to encourage regular savings and help individuals achieve their financial goals.
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