New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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.

    Practice Next