NRE Recurring Deposits (RDs) are fixed-deposit-like savings schemes for Non-Resident External (NREs) in India, allowing them to invest a fixed amount monthly in Indian Rupees (INR) for a set period, earning interest similar to FDs. They're a low-risk way to build wealth for future goals like travel or property, using either NRE accounts for funding. This offers guaranteed, compound interest, making it a safe, low-risk option. At maturity, Receive the total principal plus accumulated interest at the end of the deposit period.
