Investment planning: Why you need to look at recurring deposits

Recurring deposit (RD) is a form of term deposit offered by banks and post offices through which a fixed amount can be deposited periodically by individuals. This is one of the highly popular and risk free investment opportunities for retail investors. Let us discuss below why one should invest in recurring deposits and factors to be considered while opening the same. Advantages All major banks across the country offer an option to open a recurring deposit account, with the term typically ranging between six months and 10 years, providing individuals…

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