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Recurring Deposit in India
Recurring Deposit in India
 The mode of investment in recurring deposit
is through monthly savings
 Only banks and post offices offer recurring
deposit schemes in India
 The term of recurring deposit scheme varies
from 6 months to 10 years
 A minimum deposit of Rs. 100 is accepted by
most banks in India, however, one can also
invest with Rs. 10 through post offices
 All resident Indians can invest in recurring
deposit schemes
 HUFs (Hindu Undivided Family) can also invest
in RD schemes
 NRIs can also open an RD scheme through
their NRE account in banks but not in post
offices
 Like Recurring Deposit, Fixed Deposit is also
available in banks
 Both the products offer same taxability
 A fixed deposit gives more income than a
recurring deposit
 Invest in a Recurring Deposit when you do
not have lumpsum amount to invest as this
will help you manage your financial goals
easily
 If there is lumpsum amount then investing in
a fixed deposit would be a better choice
Recurring Deposit in India

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Recurring Deposit in India

  • 3.  The mode of investment in recurring deposit is through monthly savings  Only banks and post offices offer recurring deposit schemes in India  The term of recurring deposit scheme varies from 6 months to 10 years  A minimum deposit of Rs. 100 is accepted by most banks in India, however, one can also invest with Rs. 10 through post offices
  • 4.  All resident Indians can invest in recurring deposit schemes  HUFs (Hindu Undivided Family) can also invest in RD schemes  NRIs can also open an RD scheme through their NRE account in banks but not in post offices
  • 5.  Like Recurring Deposit, Fixed Deposit is also available in banks  Both the products offer same taxability  A fixed deposit gives more income than a recurring deposit  Invest in a Recurring Deposit when you do not have lumpsum amount to invest as this will help you manage your financial goals easily  If there is lumpsum amount then investing in a fixed deposit would be a better choice