Recurring deposit is scheme offered by banks where a person deposits monthly installment and banks gives higher interest rates than saving account. Recurring deposit is kind of fixed deposit and interest rates of recurring deposit is just little less than fixed deposit. Recurring deposit is suitable for those people who have constant source of income, for exampleContinue reading “How to Calculate Recurring Deposit Maturity Amount & Interest ?”
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What is Recurring Deposit (e-RD)?
TDR, STDR, RD, Flexi Deposit TDR, STDR, RD and FLEXI DEPOSIT all are types of fixed deposits which can be done both manually and through internet banking. When these are done through internet, i.e., electronically, they are titled with prefix “e” and called e-TDR, e-STDR, e-RD, and e-SBI Flex Deposit. TDR: Term Deposit Receipt isContinue reading “What is Recurring Deposit (e-RD)?”
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