Recurring Deposit is a special kind of Term Deposit offered by IDS Nidhi Limited in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits. Minimum Period of RD is 1 year and maximum is 5 years.
A recurring deposit is a type of term deposit which allows you to save a fixed amount every month systematically. It requires Minimum deposit of Rs.500/- at regular intervals . The Period of deposit is minimum 1 year and maximum 5 years.