recurring deposit

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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10 Results Found
  • Recurring deposit interest rates: Small finance banks offer up to 8% on RDs Apr 26, 2021 12:53 PM IST

    Recurring deposit interest rates: Small finance banks offer up to 8% on RDs

    Most small finance banks offer the highest rate on an RD of 36 months.

  • India Post not to charge any late payment fee for RD holders in May Jun 03, 2020 06:00 PM IST

    India Post not to charge any late payment fee for RD holders in May

    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 saving schemes: Helping investors of all hues realise their life goals Apr 21, 2020 09:05 AM IST

    Small saving schemes: Helping investors of all hues realise their life goals

    Small savings have thrived because they offer safety and higher returns

  • Continuing with SIPs in falling markets critical for solid long-term returns Oct 22, 2019 09:00 AM IST

    Continuing with SIPs in falling markets critical for solid long-term 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

  • Missed out on yearly vacation due to lack of funds? Check out these holiday saving avenues Jun 25, 2018 12:18 PM IST

    Missed out on yearly vacation due to lack of funds? Check out these holiday saving avenues

    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

  • New year resolutions for the financially fresh Dec 28, 2016 04:12 PM IST

    New year resolutions for the financially fresh

    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.

  • Do you really want to buy that iPhone? Jan 25, 2016 11:10 AM IST

    Do you really want to buy that iPhone?

    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.

  • How married couples can plan their finances better Jul 27, 2015 07:09 PM IST

    How married couples can plan their finances better

    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- A scheme for small investors Apr 23, 2013 12:29 PM IST

    Recurring Deposit- A scheme for small investors

    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.

  • Bank RD good investment tool for short term: Optima Money Jul 20, 2012 01:33 PM IST

    Bank RD good investment tool for short term: Optima Money

    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.

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