The account in which the specific amount is deposited per month regularly is known as ______.

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KollegeApply · Accepted Answer

The account in which the specific amount is deposited per month regularly is known as Recurring account. Explanation: Fixed account deposits are the ones in which certain amount of money is deposited every month regularly for a fixed duration. These deposits cannot be withdrawn before the maturity period, hence, are not payable on demand.

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