Recurring Deposit is a special kind of Term Deposit offered by Amaratm Nidhi Limited
which help members with regular incomes to deposit a fixed amount in every month into their Recurring
Deposit account and earn interest at the rate applicable.
Recurring Deposit Features & Benefits:-
- The Recurring deposit account is an account in the NIDHI where an investor deposits a fixed amount of
money every month for a fixed tenure.
- Recurring deposit account is opened by those who want to save regularly for a certain period of time
and earn a higher interest rate.
- Recurring deposit scheme is meant for investors who want to deposit a fixed amount every month, in
order to get a lump sum after some years.