Recurring Deposits
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A Recurring Deposit (RD) is a savings option offered by banks and financial institutions that allows individuals to deposit a fixed amount regularly (usually monthly) for a predetermined period. At the end of the tenure, the depositor receives the total sum along with interest.
| Payment Period (Months) | Matured Amount (for ₹100 per month) |
|---|---|
| 12 | ₹ 1,253/- |
| 24 | ₹ 2,611/- |
| 36 | ₹ 4,081/- |
| 60 | ₹ 7,397/- |
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