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What is a Recurring Deposit Account? - Commercial Applications

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What is a Recurring Deposit Account?

What do you mean by Recurring Deposit Account.

थोडक्यात उत्तर

उत्तर

  1. In this account, the account holder is required to deposit a specific amount every month.
  2. After the expiry of the specified period, the depositor gets back his money together with interest thereon.
  3. The number of installments may vary from 12 to 72.
  4. A pass book is issued to the depositor but no cheque book is issued.
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Types of Bank Deposit Accounts
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 7: Banking and Bank Transactions - EXERCISES [पृष्ठ १२५]

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गोयल ब्रदर्स प्रकाशन Commercial Applications [English] Class 10 ICSE
पाठ 7 Banking and Bank Transactions
EXERCISES | Q 15. | पृष्ठ १२५
गोयल ब्रदर्स प्रकाशन Commercial Applications [English] Class 10 ICSE
पाठ 7 Banking and Bank Transactions
EXERCISES | Q 37. i. | पृष्ठ १२७
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