- Special term deposit provided by Indian banks and India Post.
- People receiving regular income can save every month.
- Draws the interest rate of a fixed deposit.
- Analogous to monthly installments of a certain amount.
- Customer may save through regular deposits done every month.
- A minimum of six months to the maximum of ten years.
RD vs FD Investments
- RDs: Monthly deposit for fixed deposit, saves progressively.
- FDs: Monthly lump sum deposit for tenure.
- RDs allow flexibility in terms of deposit amount and tenures.
- Both give safe investment options with guaranteed returns.
