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Difference between Recurring And Fixed Deposit

Difference between Recurring And Fixed Deposit

Tuesday, December 20, 2016, 6:36 PM

An investment in a fixed deposit is a single one time investment. You have a lump sum you have saved, lying at home. Invest this money in a fixed deposit and earn interest on your investment. In a recurring deposit, you invest small sums of money regularly (say once each month), in the recurring deposit.
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