What is the Difference between fixed deposit and recurring deposit?

Fixed Deposit :

Deposit certain amount for certain period of time either monthly/yearly and fetching of amount is optional. If you need to get the FD amount in 1 year (example), interest will be added with the actual amount . The interesting rate is depends on your bank.

Recurring Deposit :
Deposit fixed amount in regular time period. At final you will get the total amount with specific interest.

About the Author


Leave a Reply

Your email address will not be published. Required fields are marked *