|  GPCB : Welcome To The Gandevi Peoples Co-Operative Bank Ltd   |  |  News : Bank's Financial Position as on 31-03-2022 (Unaudited)  |  |  Deposits : Rs. 19094.29 Lacs  |  |  Advances : Rs.11901.78 Lacs  |  |  Gross Profit : Rs.427.09 Lacs  |  |  Net Profit : Rs.278.41 Lacs  |  |  Total Business : Rs. 30996.07 Lacs  |  |  Working Capital : Rs.21989.86 Lacs  |  

RECURRING DEPOSIT

Recurring deposits are a type of banking investment very similar to cash certificates. One of the main differences is the deposit terms, which tend to be monthly instead of quarterly. A recurring deposit account may not be as flexible as a cash certificate deposit in terms of lending against the money.