Recurring Deposit definition

Recurring Deposit means a pre-determined Deposit on a regular basis. "RRSP" means registered retirement savings plan.
Recurring Deposit means a pre-determined Deposit on a weekly, biweekly or payday basis.
Recurring Deposit means a predetermined Deposit on a weekly, biweekly or payday basis.

Examples of Recurring Deposit in a sentence

  • Banks are advised to instruct their branches to allow minors' accounts (fixed and savings only) with mothers as guardians to be opened, whenever such requests are received by them, subject to the safeguards mentioned above.The facility of allowing opening of minor’s accounts with mothers as guardians may be extended to Recurring Deposit Accounts also subject to precautions mentioned above.

  • When the date of maturity falls on any day on which the company's office / banks remains closed the repayment will be made on the next working day.Recurring DepositIn case of conversion, final amount on the closure of Recurring Deposit can be converted to Fixed Deposit.

  • For this a fresh Application Form duly filled should accompany the discharged Recurring Deposit Statement.In case of repayment via RTGS/NEFT/Cheque, duly discharged Recurring Deposit Statement should be surrendered at least 5 working days before the date of maturity.

  • In such case the Minor will be the beneficiary on the Policy.• The Insurance Cover will be provided to Individuals (First Holders & Guardians in the case of Minor UG Deposits) who are between the age of 18 years and 50 years of age (both inclusive) as on the date of Booking of the Fixed Deposit / Recurring Deposit.

  • Recurring Deposit (RD) is an account where the lender/customer deposits a fixed amount of money every month for a fixed tenure (generally ranging from one year to five years).

  • The small monthly savings in the Recurring Deposit scheme enable the lender to accumulate a handsome amount on maturity.

  • At the conclusion of the investigation, the investigators will prepare a report setting forth their findings of fact and recommended conclusion.

  • Charland, McGill University, Montreal, CanadaTHP8.362 A Generalization of Papadakis’ Method for Adjustment of Genetic Data to Environmental EffectsP.

  • These Deposits are based on Pending Roundup, Recurring Deposit and/or Lump Sum Deposit for funding your Subscription by the Manager.

  • Recurring Deposit account: Meaning and advantages of recurring deposit, entries in books of accounts, calculation of interest, RD amounts payable after various terms, interest structure and recent trends.


More Definitions of Recurring Deposit

Recurring Deposit for the purpose of this Offer shall mean a recurring deposit, for Rs. 5,000/- and above per month and created for a period of one year and above, during the Offer Period.
Recurring Deposit for the purpose of this Offer shall mean a recurring deposit, for Rs. 3000/-/- and above per month and created for a period of 9 months and above, during the Offer Period. The total principal amount of the Recurring Deposit should not be less than Rs 50,000/- .

Related to Recurring Deposit

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Initial Date of Deposit means the date of this Reference Trust Agreement as set forth above.

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.