SBI

SBI

Sunday, August 30, 2026

Recurring Deposit

AN RD most commonly stands for a Recurring Deposit, a popular term financial savings product offered by banks and post offices.Recurring Deposit (Finance)Definition: A special kind of deposit where you put in a fixed amount of money every month for a chosen period.Tenure: The time length usually spans from 6 months to 10 years.Interest: It earns a fixed interest rate, which is typically compounded quarterly.Benefit: It helps people build a regular saving habit without needing a large lump sum upfront.

 

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