Which among the following is / are examples of Recurring deposit?
1. Home safe account
2. Sickness deposit account
3. Home construction deposit scheme
Select the correct option from the codes given below:

Answer: [D] 1, 2 & 3

The account in which the fixed amount has to deposit over a fixed interval of time is called recurring deposit account.

This question is a part of GKToday's Integrated IAS General Studies Module