Recurring Deposits

A Recurring Deposit (RD) is a type of fixed deposit that allows you to invest a fixed amount of money every month for a predetermined period of time. This account is designed for individuals who want to build savings systematically through regular monthly contributions. Recurring deposits are a popular choice for those who want to accumulate wealth over time while earning interest on their deposits.

With a Recurring Deposit, you can set aside a fixed sum of money each month, which is then invested at a fixed interest rate for a specific tenure, typically ranging from 6 months to 10 years. At the end of the tenure, you can withdraw the total sum along with the interest earned.