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Popular Savings Plans
Know More About - FD VS RD
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What are Some Best Saving Plans and Schemes in India?
Recurring Deposit : A recurring deposit is a term deposit which a bank offers. In this type of savings plan , investors deposit money regularly and earn high returns upon maturity. The interest rate is between 4.5%-6.5%, with guaranteed returns. The minimum investment is Rs 500 and the maximum investment can be up to Rs. 1 lakh. Recurring Deposits offer higher interest rates to senior citizens. Also Read - Difference Between RD and FD