What is Recurring Deposit?

What is Recurring Deposit?

šŸ‘‰šŸ‘‰šŸ‘‰ https://www.dyclassroom.com/money/what-is-recurring-deposit

Recurring Deposit or RD is an investment option offered by banks where we deposit a certain sum of money every month for a fixed number of months at a given rate of interest.

A Recurring Deposit account is different from a Fixed Deposit account. In an FD account, we invest a lump sum and wait for it to mature. So, the FD account earns interest throughout its investment period.

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