A recurring deposit (RD) is an account where a fixed sum is usually deducted on a monthly basis from a person’s bank account. The amount is deposited over a period of a few months to years, and the individual earns interest. More
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Most small finance banks offer the highest rate on an RD of 36 months.
Considering that the movement is restricted during the nationwide lockdown, the Department of Posts has announced that RD account holders may deposit the instalment of May till June 30 and there would not be any "revival fee", the official said.
Small savings have thrived because they offer safety and higher returns
The key reason for making systematic investment in equities is rupee-cost averaging—you invest every month, at every price, thereby averaging your investment cost over the long term
Investors can save for a holiday in 12 easy instalments with a trusted bank and earn the 13th instalment from the accrued annual interest on investments, clubbed with a top-up on confirmation of travel
The start of a new year gives us a psychological chance to make a new beginning. The belief that we can make a fresh start is very powerful and goes back in time.
Dream gadgets are the in thing for many youngsters. However, should one spend money on these gadgets? Here is how one can answer this important question.
It is better to start early, keep each other in the loop when it comes to money matters of the family. Regular savings can help build large funds without getting pinched.
Recurring Deposit is the most preferred investment for conservative investors. The concern of volatility in investments and assured benefit on maturity is what makes it the first choice when it comes to regular savings for various event of life. Read this space to analyze the real benefit from the product before making a decision.
If an investor is looking a shorter time horizon of around two years, it is best to invest in bank recurring deposits (RD), advises Pankaj Mathpal, Managing Director of Optima Money Managers.