RD post office scheme: Invest Rs 5000 and get a return of almost Rs 8.5 lakh by maturity period; check full details
Recurring deposits (RDs) operate similarly to fixed deposits but with a unique twist: rather than depositing a lump sum upfront, investors commit to making regular monthly deposits. RDs aim to instill consistent saving habits among earners, encouraging financial discipline and steady investment.
Recurring deposits (RDs) function similarly to fixed deposits but with a distinct feature: instead of depositing a lump sum amount, investors commit to making fixed monthly deposits. RDs are designed to foster regular saving habits among earners, promoting financial discipline and consistency in investment. They are widely available, offered by numerous banks and financial institutions. RDs offer flexibility in terms of deposit amounts and durations, allowing investors to tailor their savings plans to their specific goals and financial capabilities. With competitive interest rates, RDs provide a reliable means of steadily growing savings over time, aiding individuals in achieving both short-term and long-term financial objectives. Overall, RDs serve as a valuable tool for cultivating saving habits and realising financial goals.