How to Calculate Your Returns from a Recurring Deposit
A recurrence deposit is one of the most preferred savings plans where people save money to let them grow gradually. Recurring deposits, on the other hand, are unlike fixed deposits, where you make regular installments, usually monthly for a certain period at a constant rate of interest. In such a case, if you put up the initial contribution along with every successive addition, then the interest on the initial contribution as well as on every subsequent contribution is accrued and is a good means of earning interest.