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monthly recurring means , for example: if you subscribe to a magazine subscription for 9.99/month they will keep billing you monthly and keep sending you those magazines monthly until you cancel it.

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14y ago

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What is meant by recurring deposit?

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 than the usual savings or current accounts because the customer will not withdraw the money until the deposit matures.


Can you give me a sample of authorization letter of proof of billing?

Certainly! Below is a simple sample of an authorization letter for proof of billing: [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Company Name] [Company Address] [City, State, Zip Code] Subject: Authorization for Proof of Billing Dear [Recipient's Name], I, [Your Name], hereby authorize [Authorized Person's Name] to obtain my billing statement and any related information on my behalf. This authorization is valid until [expiration date or "further notice"]. Thank you for your assistance. Sincerely, [Your Signature (if sending a hard copy)] [Your Printed Name] Feel free to customize the details as needed!


How long after completion of a job does a contractor usually bill for his work?

Typically, a contractor may bill for their work immediately upon completion of a job, or within a few days to a couple of weeks. The exact timing can vary based on the terms outlined in the contract, the size of the project, and the contractor's billing practices. Some contractors may also have a progress billing schedule, where they invoice at various stages of the project rather than waiting until the job is fully completed.


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 than the usual savings or current accounts because the customer will not withdraw the money until the deposit matures. Since it isn't a regular deposit account, you don't have any withdrawal slips here. You can do a premature withdrawal of the full amount by paying a penalty fee but you cant do partial withdrawals.


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 until maturity and the bank would pay a slightly higher rate of interest due to the longer duration of the deposit. In case of savings account, there is no predetermined duration or amount and the money can be withdrawn anytime you want so banks pay you low interest on the money you hold in the account.

Related Questions

What is reacurring billing?

Recurring billing is when a company keeps automatically charging your credit card. For example, the online game pixie hollow, is recurring billing. When you purchase a membership subscription, it will automatically keep renewing the membership until you cancel it. Another game that is like this is club penguin, it just keeps automatically charging on your credit card, and your membership is always active, unless you cancel the membership. I hope I helped!


How long does spotify premium last after canceling?

Most likely until the end of the billing period during which you cancelled the service. Spotify does not issue partial month refunds.


How do you activate monthly refill on Stardoll?

You can choose to have a monthly standard payment taken from your credit card on the buy Stardollars page. It will refill automatically every 30 days until cancelled. Stardoll accepts Visa, MasterCard and American Express.


How do you cancel ESPN 360?

From their website FAQ How does the monthly recurring pass work? A monthly recurring pass is available for many of our products; once purchased, customers will be able to gain access to the relevant service for a calendar month. Upon the end of the month, the pass will automatically renew. For example, if a customer subscribes on the 15th February, the pass will run until 14th March and will be automatically billed on 15th March. To cancel a monthly recurring pass, please contact a support agent via the Help & FAQ or Support buttons.


Can a gym membership keep drafting your account indefinitely even if it has not been used for 25 years?

It will depend on the agreement signed and what it says. It is possible that they have permission to make the billing on a monthly basis until you tell them to stop.


Will there be a spyro movie?

Sadly, no, they have cancelled the movie. The writers didn't even know about it until after the movie has been cancelled. :(


Was thomas and friends cancelled?

No, it still goes on PBS Kids early in the mornings. There are some rumors it might get cancelled in 2017, but until then it still might not be cancelled for a while.


Is it still possible to be on the show wipeout?

Yes, the show has not been cancelled. Until the show is cancelled, you will always have a chance to be a contestant on the show.


What is the meaning of the term "good till cancelled" in the context of stock trading?

"Good till cancelled" in stock trading means an order to buy or sell a stock that remains active until it is executed or cancelled by the investor, regardless of how long it takes.


Why did judge alex show get cancelled?

it did not get cancelled renewed until 2014


Is the hills coming back on in 2011?

No. They have cancelled the show. It won't come back until 2014.


Did Bubble Guppies get cancelled?

No, it is kind of a new show and will still be on air until the confirm the cancellation.