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RECURRING DEPOSIT + INSURANCE – “WHAT IS THE CATCH?”

Hi all,

 

I m back with another silly question, certain banks are providing “insurance” with their recurring deposit schemes, (say, Siranjeevee RD). I need a logical answer to my question , ” why I should not proceed with this?”

I m 23 old, 1 yr completed in my career, so i m not aware of “mutual funds”, “stock”, “sip”, etc.. I dont want to start try my “half knowledge” with those “high risky products”. m

I would thank u very much, if somebody suggest quality books to understand and operate the above.

 

Thank u in advance…

 

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