Which of these are known as term/time deposits?

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KollegeApply · Accepted Answer

Recurring deposits and fixed deposits Explanation: Term/Time Deposits are deposits made for a particular period of time that cannot be withdrawn before the term ends without paying penalties. There are two types of term deposits: 1. Fixed Deposits (FDs) 2. Recurring Deposits (RDs) Current and savings accounts are not term deposits; instead, they are called demand deposits, which allow the account holder to withdraw funds at any time.

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