Question

The deposit, which is the combination of fixed deposit and saving deposits is known as

• A. Recurring Deposit
• B. Demand Deposit
• C. Flexi Deposit
• D. Term Deposit

Answer 1

Answer:

C. Flexi Deposit

Flexi Deposit:

• The deposit is the combination of fixed deposit and saving deposits 

• The depositors is enjoy the benefits of savings account and also get high interest as fixed deposit 

Endowment Deposit:

• Endowment deposit are meant for meeting children's education and marriage expenses.