RD

Definition : Recurring Deposit
Category : Business » Banking
Country/Region : India India
Popularity :

What does RD mean?

Recurring Deposit (RD) is a special kind of term deposit offered by banks in India. Under this scheme, the customer deposits a fixed amount every month into their Recurring Deposit account and the bank pays the interest at the pre-determined rates. The interest rate is usually similar to that in Fixed Deposits (FD). At the end of the term, the customer get the maturity value (total sum deposited + Interest).

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Frequently Asked Questions (FAQ)

What is the full form of RD in Banking (India)?

The full form of RD is Recurring Deposit

What are the full forms of RD in Business?

Recurring Deposit | Registered Dietitian

What are the full forms of RD in India?

Recurring Deposit | Ram Dayalu Nagar railway station