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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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  • Bank RD good investment tool for short term: Optima Money

    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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