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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