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  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

RD (Recurring Deposit) Accounts

RD (Recurring Deposit) Accounts

Recurring Deposit accounts provide the facility of saving small amounts of money every month to meet future financial goals. The scheme is also called by the name Systematic Investment Plan (SIP). The investment in Recurring Deposit accounts earn interest at the rates applicable to Time / Fixed deposits for the corresponding period of investment.

These accounts are ideal for investors, who want to plan to save / invest a fixed amount of their income at every month and earn relatively higher interest on their investments for future liabilities like education and marriage of children, purchase /construction of house etc.

EligibilityAdult individuals, singly or jointly with other adults
RequirementsThe requirements for opening of accounts are the same as mentioned under Savings Bank Accounts.Usually Recurring Deposit Accounts are maintained by banks for Saving Bank / Current Account holders only.
Minimum amount Rs. 100/- per month.The minimum amount varies from bank to bank.
Maximum amountNo Maximum limit
Maturity Period12 months to 10 years.
Interest Rate The Interest Rate varies from bank to bank.The Interest Rate is as applicable to Term / Fixed deposit accounts in the concerned bank.Usually deposits for longer periods attract higher interest rates.The interest is usually compounded at quarterly rests.
Nomination facilityAvailable
TransferabilityTransferable from one branch of the bank to another.
Tax benefitsNot Available
Interest TaxabilityInterest earned is taxable.
Overdraft / Loan facilityOverdraft/loan facility is available against security of the balance in the account.
Premature paymentPremature payment is allowed subject to penalty of lower interest.
Other features
  • A pass book is issued in Recurring Deposit Accounts.
  • Delayed payment of monthly installments invite penalties.
  • Monthly instalment can be deposited by way of standing instruction from Saving Bank or Current Account.

RD (Recurring Deposit) Accounts



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