The maximum period of deposit in Recurring Deposit Account is:
The maximum period of deposit in Recurring Deposit Account is:
1). 5 years
2). 10 years
3). 20 years
4). 30 years
1 answers
Recurring Deposit Account can be opened by any customer who wants to save their specific amount of his/her income regularly for a specific period.
- The minimum period of deposit is six months and a maximum of ten years.
- The interest rates change for different plans based on the amount one saves and the period and also on banks.
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