Recurring Deposit Account is a means of Compulsory Savings true or false
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true this statement is true
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answer is true
Step-by-step explanation:
Recurring Deposit: Best Banks to Open RD Account, Benefits of Investing in RD, ... Recurring Deposit schemes aim to inculcate a regular habit of saving among the public. ... Premature and mid term withdrawals are not allowed. ... Medium-Term Tenure: A medium-term tenure usually lasts from more than a year to 5 years.
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