A recurring deposit helps you put a fixed sum of money every month in a bank deposit. It works like a mutual fund SIP but interest is taxable. Here is a list of rates offered for five-year recurring deposits
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.