Banking
What is RD (Recurring Deposit)? — Meaning, Definition & Example
Definition
A Recurring Deposit is a savings scheme where you deposit a fixed amount every month for a predetermined period, earning interest similar to FD rates. It is ideal for disciplined monthly savings. Available at all banks and post offices.
💡 Real Example
Depositing ₹5,000/month in an RD at 6.5% for 3 years would give you approximately ₹2.01 lakh at maturity.
🇮🇳 RD (Recurring Deposit) in Hindi / हिंदी में
RD (रिकरिंग डिपॉजिट) — RD एक बचत योजना है जिसमें आप एक निश्चित अवधि के लिए हर महीने एक निश्चित राशि जमा करते हैं। ब्याज दर FD जैसी होती है।
RD (Recurring Deposit) (Hinglish) — RD ek savings scheme hai jisme aap har mahine ek fixed amount deposit karte ho ek fixed period ke liye. Interest rate FD jaisi hoti hai.
❓ Frequently Asked Questions
What is RD (Recurring Deposit) in simple words?
A Recurring Deposit is a savings scheme where you deposit a fixed amount every month for a predetermined period, earning interest similar to FD rates. It is ideal for disciplined monthly savings. Available at all banks and post offices.
Can you give an example of RD (Recurring Deposit)?
Depositing ₹5,000/month in an RD at 6.5% for 3 years would give you approximately ₹2.01 lakh at maturity.
What is RD (Recurring Deposit) meaning in Hindi?
In Hindi, RD (Recurring Deposit) is called RD (रिकरिंग डिपॉजिट). RD एक बचत योजना है जिसमें आप एक निश्चित अवधि के लिए हर महीने एक निश्चित राशि जमा करते हैं। ब्याज दर FD जैसी होती है।