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All blood donations are processed and available for use usually within 24 hours. Whole blood is processed into components (red blood cells, platelets, plasma). After processing, the red blood cells can be stored for 42 days.
Donating blood only takes around 10 minutes, but you should allow at least an hour for the whole process, which includes a personal interview and recovery time in the refreshment area. You can donate whole blood every 12 weeks, but you can donate plasma (the liquid component of blood) every two weeks.