A Recurring Deposit is a safe, high-return giving savings account allowing individuals to deposit a fixed monthly amount
- It can only be opened by natural person .
- A Recurring Deposit account is a safe, high-yield savings tool allowing individuals to deposit a fixed monthly amount (starting at NPR 1000 to 10000 Monthly) .
- Period of deposit can be from 3 months to 1 year.
- The interest rate in this account is equivalent to the FD of same period
- Fixed interest rate
- 90% overdraft facility
