Recurring Deposit (RD) is a special type of deposit scheme offered by Post Office and Banks, where a fixed amount is deposited every month for a fixed period and deposit amount along with compounded interest can be obtained at the time of maturity. Generally interest is compounded in quarterly basis. This article is intended to help you to understand everything you need to know about recurring deposits.
Click here to read Complete details of Recurring Deposit (RD) of Post Office and Banks
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