Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate.
In recurring deposit account Minimum amount Rs.200/- and multiplies of 500/- is accepted every month for a specified period (1 year to five year) and the total amount is repaid with interest at the end of the particular period.
A fixed deposit is a financial instrument where a member gets assured ROI.
Money can be deposited / withdraw into an account as per the wish of account holder.
Recurring Deposit is a special kind of Term Deposit offered by Amar Bank
Daily Deposit Scheme is a monetary deposit scheme introduced by Amar Bank.
Monthly interest scheme is introduced by Amar Bank.