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7 months ago

Accounting Inventory, Best Online Accounting, Finance Planning, Money Manager, Online Personal Accounting

WHATY IS RECURRING

WHATY IS RECURRING DEPOSIT • Recurring Deposit is a savings option that helps you plan for your future needs. • People with regular income can make a financial provision for the future by investing a small amount of their income regularly in a recurring deposit (RD) for a pre-determined period and earn interest on those investments, as high as fixed deposits. Page 2

WHATY IS RECURRING DEPOSIT • When your deposit finally matures, the lump sum including the principal and accumulated interest is paid back to you. • More importantly, the interest on RD remains same throughout the term once you have invested, unlike many other investment products which are subject to periodic change. • No matter what the interest rate being offered, you can easily estimate your potential earnings by using a Recurring Deposit Calculator. Page 3

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