Recurring Deposits definition

Recurring Deposits means a form of deposit, which stipulates remittance of regular installments for a pre-fixed period at pre-fixed intervals by the customer. It forms part of term deposits. Period of recurring deposit can vary from 6 months to maximum period of 10 years. A recurring deposit will be due for payment on maturity date or one month after the date of payment of last scheduled installment, whichever is later.
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Recurring Deposits means a form of deposit, which stipulates remittance of regular installments for a pre-fixed period at pre-fixed intervals by the customer. It forms part of term deposits. Period of recurring deposit can vary from 12 months to maximum period of 10 years,
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Recurring Deposits means a form of deposit, which stipulates remittance of regular installments for a pre-fixed period at pre-fixed intervals by the customer. It forms part of term deposits.
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Examples of Recurring Deposits in a sentence

  • Premature Withdrawals: Term deposits like Fixed Deposits, Call Deposits, Short Deposits and Recurring Deposits have to mature on a particular day.

  • The “Deposit Amount” is the amount that I select when scheduling Recurring Deposits via the App.

  • By scheduling Recurring Deposits, I authorize RHY to make recurring electronic debits from My Designated External Bank Account based on the Frequency and Deposit Amount I direct via the App.

  • The “Frequency” is the Deposit frequency (e.g., weekly, monthly) that I select when scheduling Recurring Deposits via the App.

  • Gold Loans General purpose Credit card (GCC) Kisan Credit Card (KCC)/ ST & MT Loan Current Account Savings Bank account (other than No Frills Account) Term Deposits Recurring Deposits Mutual funds on a referral basis Insurance (Life and Non-Life), Pension and any other third party financial product Cash Management: Banks will not be responsible for any cash management at the CSP.