Question

find which bank is giving best offer under the scheme of RD for monthly

deposit of rupees 1200 for 3 years.​

Answer 1

Answer:

Step-by-step explanation:

Recurring Deposit (R.D.): Recurring Deposit (RD) is a type of term deposit offered by banks where individuals make regular monthly deposits for a fixed period at a predetermined interest rate.

• RD encourage disciplined savings and steady growth of funds.
• Deposits are made monthly for a specific tenure, typically ranging from a few months to several years.
• The interest rate offered varies based on the bank and tenure. At maturity, the total deposited amount along with the accumulated interest is returned to the depositor.
• Premature withdrawal may be allowed with certain conditions. Interest earned on RDs is taxable, and TDS may apply.

BELOW ARE SOME DEATILS OF BANKS WHICH PROVIDE BEST SCHEME OF R.D

Looking at the data PNB bank is giving the best offer under the scheme of R.D. for a monthly deposit of rupees 1200/- for 3 years.​

NOTE: Interest rate% keep on varying.

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