Systematic Investment Plan (SIP) VS Recurring Deposit (RD)
What is a Recurring Deposit (RD)? A Recurring Deposit (RD) is a savings vehicle where one makes monthly instalments for a predefined tenure, to earn fixed returns. The interest rate offered on RD is the same as that on Fixed Deposits (FDs) for a particular bank. It is considered one of the most risk-free investor-friendly…