RECURRING DEPOSIT

A Recurring Deposit (RD) is a safe and flexible investment option where you deposit a fixed amount every month for a specific period, usually between 6 months and 10 years. RD accounts offer interest rates ranging from about 3% to 8.50% per annum, which are compounded quarterly, helping your savings grow steadily. This option is ideal for individuals with a regular income who want to build a disciplined saving habit without a lump sum investment. Banks like SBI, Axis Bank, and HDFC offer various RD schemes with attractive interest rates and tenure choices. It is a convenient way to accumulate funds for future needs with assured returns and low risk.