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      Question

      The Maximum time period of the Recurring Deposit

      is
      A 5 years Correct Answer Incorrect Answer
      B 8 years Correct Answer Incorrect Answer
      C 10 years Correct Answer Incorrect Answer
      D 20 years Correct Answer Incorrect Answer
      E 25 years Correct Answer Incorrect Answer

      Solution

      Recurring Deposit schemes allow customers with an opportunity to build up their savings through regular monthly deposits of fixed sum over a fixed period of time. Minimum Period of RD is 6 months and maximum is 10 years.

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