Fixed Deposit vs Recurring Deposit: What's the difference & which one is better?
Updated : November 27, 2018 01:08 PM IST
For fixed deposits, the individuals can choose a tenure usually in the range of 7 days to 10 years after depositing the entire amount at once.
For recurring deposits, the individuals can choose a tenure usually in the range from a year to 10 years.
The major difference between the two is the interval.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more