RD (Recurring Deposit)
A Recurring Deposit (RD) is a safe and reliable savings scheme that helps you accumulate a corpus over time by making fixed monthly deposits. With guaranteed returns, RDs offer a risk-free way to save money and earn interest. It’s an ideal choice for conservative investors who prefer secure returns over riskier investments.
Key Features of RD:
- Guaranteed Returns: RDs provide a fixed interest rate, ensuring predictable returns on your investment.
- Flexible Tenure: Choose a tenure that suits your savings goals, typically ranging from 6 months to 10 years.
- Regular Savings: Make disciplined monthly deposits to grow your savings consistently.
- Low Risk: With no exposure to market risks, RDs are one of the safest investment options.
Whether you’re saving for a specific goal or simply looking to grow your savings, RD is a reliable tool for achieving financial security.