_______ are those where a monthly instalment is deposited in the accounts every month.

Correct option is D

Recurring deposits are those where a monthly instalment is deposited in the accounts every month.
· The minimum monthly amount to open a recurring deposit account may be around Rs. 500, although this amount may vary between banks.
· The minimum tenure for opening a recurring deposit account is typically six months, with a maximum tenure of ten years.
· Individual account holders may be able to open multiple recurring deposit accounts.
Types of Recurring Deposit Account
· Regular recurring deposit account
· Recurring deposit account for NRI
· Recurring deposit account for minors
· Recurring deposit accounts for senior citizens