What is Recurring Deposit? Advantages-Disadvantages
Recurring Deposits are like SIP investments. Customers can invest money regularly with their choice every month and save money easily. Hence, The maturity value of a Recurring Deposit depends on the duration of its tenure range from 6 months to 10 years, and individuals can even choose a term with their own choices too. The amount is paid to the depositor after maturity with interest.
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