features of recurring deposit account
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1.tenure of investment
2.frequency of interest calculation
3.mid-term or partial withdraw
4.permature account closure
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The main features of Recurring Deposit account are as follows:
Recurring Deposit schemes aim to inculcate a regular habit of saving among the public.
Minimum amount that can be deposited varies from bank to bank. ...
The minimum period of deposit starts at six months and the maximum period of deposit is ten years.
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