Recurring Deposit Payment

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FAQs

What is a Recurring Deposit Scheme offered by Jewellery Shops?

A recurring deposit scheme by jewellery shops is a savings plan where you can regularly deposit a fixed amount each month, and at the end of the tenure, you will receive the maturity amount in the form of jewellery or related products.

What are the benefits of opting for a Recurring Deposit Scheme with a Jewellery Shop?

The benefits of opting for a Recurring Deposit may include attractive interest rates, the security of investing in tangible assets like jewellery, and the convenience of gradually building a valuable collection.

What happens if I miss a monthly deposit in a Recurring Deposit Scheme with a Jewellery Shop?

Jewellery shops may have different policies regarding missed payments. Some may allow flexibility, while others might impose penalties or modify the terms of the scheme.

Can I pay my Recurring Deposit installment online?

Yes, you can pay your Recurring Deposit installment online with the help of platforms like Shriram Finance.

Can I choose the tenure and frequency of deposits in a Jewellery Shop Recurring Deposit Scheme?

Yes, you generally have the flexibility to choose the tenure and the monthly deposit amount based on your preferences and financial capabilities.