Recurring Deposits (RD)
Recurring Deposits (RD) provide a flexible method to systematically build savings by depositing a fixed amount monthly into an RD account. It’s a convenient way to ensure disciplined savings with assured returns.
Key Features
- Flexible Investment: Start with as low as Rs. 500 per month for periods ranging from 6 months to 10 years.
- Assured Returns: Earn fixed interest rates on your deposits, planned according to your financial goals.
- Customizable: Choose to adjust monthly installments or maturity periods based on your convenience.
Providers and Comparisons
- Offerings: Available through Banks and Non-Banking Financial Companies (NBFCs), offering various interest rates and flexibility criteria.
- Comparison: Through our partnerships, compare interest rates and features of different RD accounts to find the best fit for your needs.
Loan Facilities
Leverage: Avail loans against 80-90% of your RD funds, providing liquidity while your savings continue to earn interest.
Types of RDs Available
- Senior Citizen RD: Higher interest rates tailored for senior citizens.
- NRI RD: Accessible for NRIs through NRE or NRO accounts.
- Flexible RD: Allows variable monthly contributions in multiples of the principal amount.
Considerations
Penalties: Early withdrawals may incur penalties, making it essential to plan your investment duration carefully.
Expert Advice
We offer expert guidance to help you optimize your RD investment strategy.