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BasisRecurring depositsFixed deposits
MeaningA fixed amount is deposited every month for a fixed period.A lump sum is deposited once for a fixed period.
InstalmentsDeposits are made in regular instalments.Only one deposit is made.
PurposeEncourages regular saving by salaried and small earners.Suitable for those who have a lump sum to invest.
InterestInterest is earned on a balance that grows month by month.Interest is earned on the full amount for the whole period.
Example₹ 1,000 every month for 3 years.₹ 1,00,000 for 3 years.
Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report
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