Recurring Deposits

Fixed deposits and recurring deposits are bank deposit options that give you low-risk investment option with guaranteed returns. Here's a look at which is suitable for you, how they work and how you can use them to reach your financial goals…

Target maturity funds are not the same effectively as bank recurring deposits. There is always a deviation of returns in the former owing to these products being market-linked.

Recurring deposits suit best those with zero-risk tolerance. However, for long-term investors looking to balance and diversify their investment portfolios, debt funds may be a better choice.

If you have some additional funds or if you wanted to augment your monthly deposits, it's not possible in a traditional RDBanks now have a flexible RD alternative that allows you to deposit additional amounts as and when available

Most small finance banks offer the highest rate on an RD of 36 months.High tenure RDs, between five and 10 years, have lower rates compared to other tenures for many small finance banks.

SBI has lowered the interest rate on recurring deposits (RDs) effective from 26 August 2019SBI RD account can be started with a minimum monthly deposit of ₹100

When you invest in a financial instrument, it important to check about withdrawalThere are two types of bank FDs—with premature withdrawal and without premature withdrawal

The rate of interest offered on an RD is similar to that of fixed depositsTDS is applicable on RDs

SBI has lowered the rate of interest on medium-term and long term recurring depositsSBI recurring deposit (RD) interest rates vary between 6.4%-7% for general public

In SBI RD account, customers are required to make monthly deposits of minimum of ₹100The minimum amount required for opening a Post Office RD is ₹10 per month