A Recurring Deposit, often known as an RD, is a kind of investment and savings that banks provide their customers with.
Customers have the ability to make recurring deposits of money on a monthly basis for a certain amount of time (varying between 6 months to 10 years). Returns on RDs have typically ranged somewhere from 5 to 7 percent.
The freedom to invest at any time of the month is one of the primary benefits of an RD, although the returns are typically smaller than those given by other investment options.
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