1

What is money multiplier deposit or MMD? How it works in Indian bank?

0

It is a combination product where the funds in savings account are linked to Fixed deposit. As the money is in fixed deposit, the interest rates are better. If the funds in savings account go below rs 10,000 the fixed deposits are broken automatically and credited to savings account.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.