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RD maturity

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(Querist)
23 October 2019 If Matured RD (Recurring Deposit) and amount transfer in saving account, how to pass entry in tally, and in which ledger head and under group
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A.S.SUNDARARAJAN

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A.S.SUNDARARAJAN (Expert)
24 October 2019 At the time of opening Recurring deposit and savings bank account , separate ledger to be opened in Tally under the group bank account ( Current assets).

If RD amount matured and transferred to SB account then the following entry to be passed
Debit Savings bank account
Credit Recurring deposit account.
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