RBSE Prav Voc BFSI Practice Questions - Rajasthan RBSE Praveshika Banking, Financial Services And Insurance - Vocational Code 113 Exam

A fixed deposit (FD) differs from a basic savings account mainly because an FD:

Can only be opened by the government Is usually for a fixed tenure and often pays higher interest Never pays any interest in India Is used only to print cheque books

Correct Answer:

Is usually for a fixed tenure and often pays higher interest

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