You can create a huge fund by investing even a small amount in Recurring Deposit i.e. RD.
HDFC Bank is offering 7 percent interest to general customers on 90 month RD scheme.
Similarly, 7.75 percent interest is being offered to senior citizens on 90 month RD scheme.
According to the calculation, for a normal customer depositing ₹ 9000 monthly in a 90 month RD scheme, the maturity amount will be Rs 10,65,835.
For senior citizens, by depositing ₹ 9000 monthly in 90 months RD scheme, the maturity amount will be Rs 10,98,777.
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