Thu, Sep 26, 2024
SBI Senior Citizen FD vs SBI Senior Citizen RD Calculator: Investors make one-time investment in a fixed deposit (FD) scheme, while in a recurring deposit (RD) scheme, the investment is done on a monthly basis. Both schemes are non-market-linked and provide guaranteed return.
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Tue, Aug 13, 2024
Post Office RD vs SIP in Best Debt Mutual Fund: Recurring deposit (RD) is a post office scheme where one can deposit on a monthly basis for 5 years. The scheme provides 6.7 per cent annual interest, which is compounded quarterly.
Tue, Jun 11, 2024
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.
Wed, Mar 27, 2024
Though recurring deposit (RD) is primarily a post office scheme that provide guaranteed return, almost all leading public and private sector banks have their own RDs. The interest may vary between 2.50 per cent to 8.50. Senior citizens get up to 1 per cent extra interest rate on RDs. Some of the banks that provide the facility of RD are State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank, Bank of Baroda, PNB, Canara Bank, IDBI Bank, Yes Bank, etc.
Fri, Mar 18, 2022
Fixed deposits are a classic way of investment. However, due to low rate of interests in FDs, people are now looking for other ways of investments. One of those ways is a recurring deposit. Here is how a recurring deposit differs from a fixed deposit. Watch the video for more
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