Question

write note on recurring deposit​

Answer 1

Answer:

A recurring deposit is a special kind of term deposit offered by banks which help people with regular incomes todeposit a fixed amount every month into their recurring deposit accountand earn interest at the rate applicable to fixed deposits. ... The rate of penalty will be fixed upfront

Answer 2

Answer:

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.

Explanation:

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