Recurring Deposits

How bank mergers affect fixed deposit and recurring deposit customers

Know what changes for your interest rates, renewals, penalties, and account details when your bank merges.

SIPs vs recurring deposits: How to grow monthly savings the smart way

Use RDs for certainty and near-term goals, SIPs for long-term growth—and mix both to balance safety and returns.

Recurring Deposits: Bank of Baroda, Axis Bank offer interest rates of 7.1-7.25% on three-year deposits

Interest rates offered by top ten public sector banks and private banks on three-year recurring deposits range from 6.25-7.25 percent per annum

How Recurring Deposits are a smart option without risking the capital

RDs are best for creating short-term emergency funds. In the current high interest rate regime coupled with capital safety, RDs can be a good investment option.

Recurring Deposits: Banks are offering up to 7.6% interest

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 or mutual fund SIP: Which is better?

Investing in RDs and mutual funds through SIP brings in financial discipline. Both instruments allow investors to build a corpus over time.

Recurring Deposit Rates | These banks offer up to 7.35% interest for 5-year tenor

Conservative investors who have a regular income stream can prefer investing in recurring deposits. Investment in RDs is taxable. Neither the money invested nor the interest earned is exempt, and both are taxed as per the tax slab.

How deposit insurance agency safeguards bank deposits

With the last insurance limit revision dating back to 1993, there have been calls to revise the current limit while also taking the risk differential into consideration.

Putting TDS provisions for recurring deposits to work

TDS on recurring deposits makes investors either submit the exemption forms if there is no taxable income. In case of TDS on RD, they may have to revisit their tax calculations and accordingly pay tax

Senior citizens should focus on post tax returns

Many fixed income options look attractive with the assured returns feature. However a significant component of the returns may be lost in income tax. It is better to opt for investment options that are tax efficient.

Budget pinch: Pay tax on interest from recurring deposits

Now the recurring deposits have been brought under the TDS ambit which means that if your earnings in a year from recurring deposits are more than Rs 10,000 then there will be an amount deducted and the net figure would be available to you at the time of the payout

How NRIs can make use of recurring deposits?

RDs offer its customers an approach, based on a precise goal, for investments at alluringly high rates. Thus, no matter you want to build a fund for your child‘s education, or buying a house/car, or a dream holiday, RD will help you save a little every month towards achieving your financial goals.

Look to diversify in times of financial turmoil: Roongta

Given the volatility in financial markets worldwide, personal finance expert Harshvardhan Roongta of Roongta Securities says that investors should look to diversify their investments.

Dynamic bond funds give higher returns but with risk

Harshvardhan Roongta (Roongta Securities) advises the investor who is interested in short term to consider either recurring deposits if he wishes to play it safe and if he is willing to stomach a risk then to go for a dynamic bond fund.