Recurring Deposit

The Recurring Deposit In The Society Is Meant For Someone Who Wants To Invest A Specific Sum Of Money On A Monthly Basis For A Fixed Rate Of Return. At The End, You Will Get The Principal Sum As Well As The Interest Earned During That Period. The Scheme, A Systematic Way For Long Term Savings, Is One Of The Excellent Investment Options For The Low-Income Groups. The Minimum Investment Of Recurring Deposit Varies From Bank To Bank But Usually It Begins From Rs 200/-. The Rate Of Interest Varies Between Depending On The Maturity Period And Amount Invested. The Deposit Shall Be Paid As Monthly Installments And Each Subsequent Monthly Installment Shall Be Made Before The End Of The Calendar Month And Shall Be Equal To The First Deposit.

 

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