A Recurring Deposit, commonly known as RD, is a unique term-deposit that is offered by Banks. It is an investment tool which allows people to make regular deposits and earn decent returns on the investment.
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In a Fixed Deposit, you put a lump sum in your bank for a fixed tenure at an agreed rate of interest. At the end of the tenure, you receive the amount you have invested plus interest of invested period.
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Current bank accounts are very popular among companies, firms, public enterprises, businessmen who generally have higher number of regular transactions with the bank.
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A savings account is a basic type of bank account that allows you to deposit money, keep it safe, and withdraw funds, all while earning interest.
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