TERM DEPOSIT
This query is : Resolved
Guest
Guest
(Querist)
08 November 2010
DOES TIME DEPOSIT INCLUDES RECURRING DEPOSIT
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.
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.
08 November 2010
Agree with Mr. Sanjay Gupta
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