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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 and at the end of the deposit period (usually 12 months or higher) the bank would return the money deposited with them along with a good interest.

You can open a RD account by visiting any bank and filling up the form that is used for opening an RD and pay the first months money to the bank teller.

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14y ago

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