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TERM DEPOSIT

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08 November 2010 DOES TIME DEPOSIT INCLUDES RECURRING DEPOSIT
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
08 November 2010 No.

Recurring deposit --- putting a pre-decided and pre-announced money in a pre-decided and pre-announced interval. each bank has a min amount to be given in recurring deposit and you may pay monthly/quarterly/semi-annually/annually that amount. culminates savings habit.
Term deposit --- one-time investment for a particular period of time.
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Rajan Kapoor

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Rajan Kapoor (Expert)
08 November 2010 Agree with Mr. Sanjay Gupta
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