a recurring deposit account requires the customer to
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Recurring deposit schemes allow customers an opportunity to build up their savings through regular monthly deposits of a fixed sum over a fixed period of time. ... The rate of interest offered is similar to that of fixed deposits.
Explanation:
Recurring deposit schemes allow customers an opportunity to build up their savings through regular monthly deposits of a fixed sum over a fixed period of time. ... The rate of interest offered is similar to that of fixed deposits.
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