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• A recurring deposit is a type of<br />
term deposit which allows people<br />
to save a fixed amount every<br />
month.<br />
• Banks and the Post Office offer<br />
these schemes where people can<br />
contribute a small sum to build a<br />
fund, and also earn interest.<br />
• This investment option works out<br />
well <strong>for</strong> salaried individuals.<br />
RECURRING<br />
DEPOSIT<br />
Page 2<br />
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