A Recurring Deposit (RD) serves as a savings instrument that allows you to regular monthly deposit a predetermined amount over a specified duration (ranging from 12 months to 10 years), accruing fixed interest. This option is particularly suitable for systematic saving towards objectives without exposure to market risk, in contrast to a lump-sum Fixed Deposit (FD). Upon maturity, you receive the total of your contributions along with the interest that has typically been compounded quarterly.
As applicable to Fixed Deposits
