A recurring deposit is a risk-free savings method that allows the investor/depositor to deposit equal installments of money every month (or quarterly) in a bank account for a fixed period (in days, months, or years) at a guaranteed interest rate. The financial institutions credit the interest earned on the principal amount on a quarterly or half-yearly basis. RDs also provide investors the flexibility to either re-invest or withdraw the credited interest. Re-investing the generated interest is recommended to take advantage of growth compounding.
A depositor can also break their recurring deposits before their maturity date for a nominal charge/fee. RDs are not eligible for tax-saving.
Term | Full Form | Category |
---|---|---|
R&D | Regional and Domestic | Others |
R&D | Research and Development![]() | Research Center, Technology |
R&D | Retail and Distribution | Others |
R/D | Rate of Descent | Others |
RD | A Reference Date | Others |