What is recurring account?

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recurring means. the number goes on and on and on... e.g. 0.3 (recurring) = 0.33333333...

A recurring account could refer to an account which you pay regularly - an account which recurs - such as a telephone account.
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What are recurring deposit accounts?

Answer . The Recurring deposit account is an account in the bank (or a Post office in some countries) where an investor deposits a fixed amount of money every month for a f

How Does Recurring Deposit Account Works?

A normal fixed deposit means that you put in an amount and, after a specific period of time, you can withdraw it. Meanwhile, you do not touch the money or add to it. A recurri

What is Recurring deposit account?

Recurring Deposits in banks are one of the instruments of accumulating a particular amount periodically, to help us during various occasions of unexpected financial burden. It

What is the procedure to open a recurring deposit account?

Every financial institution has different policies for theiraccounts. Most often to open up a reoccurring deposit account, youwould open a regular savings or checking and fill

What is meant by recurring deposit account?

A Recurring Deposit is a special type of bank account wherein the customer will deposit a small amount of money regularly every month. Banks will offer higher interest rates t

How do you open an account for recurring deposit?

A Recurring Deposit account is one in which the customer deposits a small sum of money (usually a few hundred or thousands) every month. The bank accepts a deposit every month

What is the procedure of opening a recurring deposit account in sbh?

You need to walk into a branch of SBH and ask for opening a recurring deposit. The bank would have a form for the same. You need to fill up the form and then pay up the money

How can you open a recurring bank account?

You need to walk into a branch of any bank and ask for opening a recurring deposit. The bank would have a form for the same. You need to fill up the form and then pay up the m

How fixed diposit and recurring deposit is deffrent from saving account?

A Fixed Deposit Account is one in which the customer deposits a big sum of money (Usually a few thousands and upwards. There is actually no limit to the amount of money you ca

Do you have a withdrawl slip for a recurring deposit account?

A Recurring Deposit is a special type of bank account wherein the customer will deposit a small amount of money regularly every month. Banks will offer higher interest rates t
In Business & Finance

What are the features of Recurring account?

here are some most important features of Recurring Account: . Recurring deposits are accepted in equal monthly instalments of minimum Rs 1,000 and above in multiples of Rs
In Banking

How do you close recuring deposit account?

visit the bank branch where you have the recurring deposit account . submit a request in writing to close your account . the bank will process the request and pay you the mo
In Personal Finance

What is the procedure of closing a recurring deposit account?

visit the bank branch where you have the recurring deposit account . submit a request in writing to close your account . the bank will process the request and pay you the mo
In Banking

How recurring deposit account is different from savings account?

Recurring Deposit is type of account where the customer deposits fixed amounts every month for a predetermined duration (6 months, 1 year etc). The money cannot be withdrawn u