HWCTCSL - RD
Recurring Deposit Accounts It’s a type of deposit account provided by banks to people with a regular income. Investors will have to issue a standing instruction to debit a fixed amount from their savings and credit it to the recurring deposit account. A delay in regular payments will result in reduction of the interest payable at maturity. Banks also provide loan facility on recurring deposits to their customers and it can go up to 90% of the deposit value.
|Redemption Periode||1 Years||3 Years||5 Years||7 Years||1 Years||3 Year||5 Years||7 Years|
|Principle Value||Total Deposit Value||Maturity Value|