Accounting Inventory, Best Online Accounting, Finance Planning, Money Manager, Online Personal Accounting
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ELIGIBILITY TO RD<br />
• No matter which bank or company you invest with or the<br />
rate you receive on the RD, the recurring deposit<br />
calculations are carried out using the same formula or by<br />
simply using a recurring deposit calculator.<br />
• Duration of Recurring Deposit<br />
• Customers can open a Recurring Deposit account with a<br />
bank, where the compounding of interest will be done on<br />
quarterly basis.<br />
• The deposit term starts with a minimum period of 6<br />
months, and after that they can choose to increase the<br />
tenure in multiples of 3 months up to a maximum period<br />
of 10 years.<br />
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