Recurring deposits are term deposits more or less like fixed deposits in
their very nature. They are made for specified periods of time like
a year or more. The interest rates for them are the same that are
applicable to fixed deposits. You just need to add fixed amounts
(multiples of Rs. 50) of money to it on a monthly basis for periods
of 12, 24, 36 or 60 months. The difference is that you won't have to
wait till a maturity period in case you wish to withdraw the deposit.
You get the interest until the date of withdrawal as well.
We offer 8% interest on vanitha nidhi recurring deposit
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