What is the Difference between fixed deposit and recurring deposit?
|February 3, 2011||Posted by documentListener under Business||
Fixed Deposit :
Deposit certain amount for certain period of time either monthly/yearly and fetching of amount is optional. If you need to get the FD amount in 1 year (example), interest will be added with the actual amount . The interesting rate is depends on your bank.
Recurring Deposit :
Deposit fixed amount in regular time period. At final you will get the total amount with specific interest.