Business Studies, asked by prateekgupta87918791, 7 months ago

what is recurring deposit account?

Answers

Answered by jaganrao6567

Explanation:

A recurring deposit is a special kind of term depositoffered by banks which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits.

Answered by Anonymous

Explanation:

A recurring deposit is a special kind of term deposit offered by banks which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits.

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