Question

benefits of recurring deposit account​

Answer 1

Answer:

Recurring deposits: Consider the advantages and benefits :-

• High-interest rate. One of the main benefits of recurring deposit account is the attractive interest rate .
• No penalty if you miss a month.
• Start with minimum Rs 2000/month.
• Save for as low as 6 months.
• Simple documentation.
• Best for short-term goals.
• Save bit by bit.