Question

The depositors of which deposit, enjoys the benefits of savings account and at the same time get high interests as a fixed deposit

• A. Recurring Deposit
• B. Demand Deposit
• C. Zero Balance Account
• D. Flexi Deposit

Answer 1

Answer:

D. 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.