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What is Recurring Deposit Account?

What is Recurring Deposit Account?

Friday, February 9, 2018, 1:52 PM

Recurring Deposit is a special kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits. Minimum Period of RD is 6 months and the maximum is 10 years.
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