Q. Which type of deposits gives highest rate of interest?
Answer: Fixed deposit
Notes: FD / Fixed Deposit is an investment avenue that offers capital protection. They also offer high-interest rates as compared to savings accounts.
Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations. Download the app here.
📌 Question Number: 7 in 29 - Bank Deposits in the above course in App.