Money Guru: From Post Office RD to MF SIP, find out your option
Updated: June 20, 2019 21:54 pm
Post offices along with all major banks across the country offer Recurring Deposit (RD). RDs are in the form of a term deposit. Recurring deposits are made through a series of regular periodic payments, unlike a single payment made in case of fixed deposits (FDs). RD provides risk-free investment opportunities to investors, hence the popularity among Indian customers. Risk-averse investors can easily opt for post office or bank RDs.