recurring deposits

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RECURRING AND FIXED DEPOSIT PRESENT BY FINANC http://www.financ.in/etfs-in-india-everythin g-you-need-to-know/

Transcript of recurring deposits

Page 1: recurring deposits

RECURRING AND FIXED DEPOSITPRESENTBY FINANC

http://www.financ.in/etfs-in-india-everything-you-need-to-know/

http://www.financ.in/etfs-in-india-everything-you-need-to-know/
http://www.financ.in/etfs-in-india-everything-you-need-to-know/
Page 2: recurring deposits

RECURRING DEPOSIT

Recurring deposit is the best way to save money and people who have just started off their journey for wealth creation.

 Depositing minimum amount can differ from bank to bank.

For six month minimum period deposit is started.

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DIFFERENCE BETWEEN RD AND FD

The duration period of investing money in FD with the minimum of 7 days to a maximum of 10 years. 

Where as for Rd the minimum period starts with 6 months with the maximum of 10 months.

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http://www.financ.in/etfs-in-india-everything-you-need-to-know/
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BENEFITS

Major benefits of investing in RD is some amount should be invested in banks or a financial institution for some period of time. 

Compare to other savings in finance the interest rate will be higher.

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Page 5: recurring deposits

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