Suppose, you are a manager in a bank. Explain to a customer about 'recurring deposit account'.
Suppose, you are a manager in a bank. Explain to a customer about 'recurring deposit account'.
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Suppose you want to make an RD account with HDFC and your initial amount is 3000/-. And you are making this account for 12 months. In that case the interest rate of the same amount of the same period which is applicable to any FD account will be the same for the RD account. ... For 12 months it will be 12*3000+ interest.
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