Bank Recurring Deposits (RDs)
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Monthly Fixed Deposit – RD
Best for If You want to start save every month, and earn some fixed interest, without any risk,
then Recurring Deposit are best…
What is RD
RD means Recurring Deposits…
in Recurring Deposit You Invest Your Money on Recurring Basis, Like Monthly,..
a Fixed Amount Every Month, with Pre Defined Interest Rate for a Pre defined Time Period…
for example –
If You CHOOSE to Invest Rs. 1000 Monthly Basis…IN Rd,
Then Yo can go to in Banks and Post Offices, and also NBFC,
But Better go with Banks and Post Office.
It is more safer to invest through banks and post offices…
and open a RD account, Where every month on a fixed date, and can be deducted from saving account.
and after the maturity , you can withdraw with interest.
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