Recurring Deposit

GPTKB entity

Statements (25)
Predicate Object
gptkbp:instanceOf Banking Product
gptkbp:alternativeTo gptkb:Fixed_Deposit
gptkbp:documentation KYC Required
gptkbp:frequency Monthly
https://www.w3.org/2000/01/rdf-schema#label Recurring Deposit
gptkbp:interestPayout At Maturity
gptkbp:mainInterest Fixed Interest Rate
gptkbp:maturityAmount Principal plus Interest
gptkbp:maximumLoanAmount Available against Deposit
Varies by Institution
gptkbp:minimumInvestment Varies by Institution
gptkbp:offeredBy gptkb:Post_Offices
gptkb:Banks
gptkbp:prematureWithdrawal Allowed with Penalty
gptkbp:purpose Encourage Regular Savings
gptkbp:regulates Reserve Bank of India (in India)
gptkbp:riskFactor Low
gptkbp:targetAudience Individuals
Senior Citizens
Minors (through Guardian)
gptkbp:taxStatus Interest Taxable
gptkbp:tenure 6 months to 10 years
gptkbp:bfsParent gptkb:Department_of_Posts
gptkb:India_Post
gptkbp:bfsLayer 6