A recurring deposit is a type of account offered by Sahayog Multistate Credit Co.opereative Society Ltd., where the depositor agrees to make regular, periodic deposits into their performance over a fixed period. The depositor typically makes these deposits monthly, and we pay interest on the accumulated savings at the end of the term. Recurring deposits are a good option for people who want to save money regularly but may not have a large sum of cash to deposit upfront. This could be an excellent way to discipline oneself to save periodically, as the depositor is committed to making periodic deposits.
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