Write short note on recurring deposit account.

3 years ago
Banking

It is one form of saving deposits. Depositors save and deposit regularly every month a fixed installment so that they are assured of sizeable amount at a later period. This will enable the depositors to meet contingent expenses. The interest earned on recurring account is higher than on the saving account

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Susmita Sah
Susmita Sah
Jan 16, 2022
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