question_answer

With regard to fixed deposits and recurring deposits, which of the above statements is/are correct?

(A) Both the deposits are repayable after an agreed period.

(B) Both the deposits are repayable on demand.

(C) Both the deposits are repayable after death of depositors.

(D) Both the deposits are repayable on demand or after an agreed period as per bank's choice.

A)  Only (A)

B)  Only (B)

C)  Only (D)

D)  Only (A) and (C)

E)  Only (A) and (D)