Recurring Deposit account is opened by that individual who wants to save regularly for certain period of time and can earn good rate of interest.
Recurring Deposit is a special kind of Term Deposit offered by IMPOVERISHED NIDHI LIMITED. which helps members with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable.
RECURRING DEPOSIT SCHEME FEATURES AND BENEFITS :-
- A simple investment product.
- Assured returns.
- Flexibility of tenure and amount to be deposited
- Flexibility in withdrawal
- Fixed interest rate
