1 / 6

Recurring Deposit

Recurring account is an account where the depositor deposits fixed amount of funds at regular intervals of time. Here is PowerPoint presentation that covers where to open a recurring account, its advantages and eligibility. Read this presentation to know more!

KateBrown
Download Presentation

Recurring Deposit

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. RECURRING DEPOSITS

  2. It is an account where the depositor deposits fixed amount of funds at regular intervals of time. • The interval can be month, quarter, 6 months, or 1 year • Interest rate is calculated on the amount deposited • After a specified duration, the depositor receives a lump-sum amount

  3. A recurring deposit can be opened at a bank, or post office • Formal documents such as PAN card, residential proof, identity proof, etc. are required to open the account • RD account can be opened for a period of less than 6 months, to the maximum period of 10 years Where to open a recurring deposit?

  4. There are several advantages of opening online recurring deposit; a few are listed below: • Fixed monthly investment option • Fixed duration of investment • Fixed interest rate • TDS not applicable • Flexibility of investment Advantages of Recurring Deposits

  5. Resident individuals • Hindu Undivided Families • Private & Public Limited Companies • Trust & Societies Eligibility

  6. THANK YOU

More Related