Recurring Deposit
Recurring Deposit
Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate. In Recurring deposit account certain fixed amount is accepted every month for a specified period and the total amount is repaid with interest at the end of the particular fixed period.
- Information
- Interest rate
- Documents
A Recurring Deposit is a special kind of term-deposit offered by SAMATA, which helps people with salaried incomes to deposit a fixed amount each month and earn an interest which is equivalent to the interest on Fixed Deposits or FDs.