A Recurring Deposit, commonly known as RD, is a unique term-deposit that is offered byShriram City Union Finance Ltd. Recurring deposits enable you make regular deposits and earnbest in segment returns on the investment. Due to the regular deposit factor and an interestcomponent, it often provides flexibility and ease of investments to investors. Similar toFixed deposits, Recurring Deposits are also a contract between you and the Shriram City forthe approved interest rate from the date of investment till maturity.
A Recurring Deposit, commonly known as RD, is a unique term-deposit that is offered by Shriram City Union Finance Ltd. Recurring deposits enable you make regular deposits and earn best in segment returns on the investment.
However, unlike Fixed Deposit in Recurring Deposits you invest amount on regular intervalsunlike one-time investment in Fixed Deposit. Shriram City comes with about 45 years ofunchallenged trust in the Indian market, with over 5 million trusted customer base acrossthe length and breadth of the nation. With investment tenure ranging from 12 months to 60months, Shriram City's RecurringDeposits come with a 'MAA+/ with Stable Outlook' rating byICRA (Indicates high credit quality). However, it is essential to know that Shriram CityRecurring Deposits are different from Shriram City Fixed Deposits. RDs are flexible in mostaspects. An RD account holder can choose to invest a fixed amount each month while earningdecent interest on the amount similar to SIP’s (Systematic Investment Plans). RDs are anideal saving-cum-investment instrument which encourages wealth building habits toindividuals.
Recurring Deposit Interest Rate
Recurring Deposit Usa
Recurring Deposit Open a recurring deposit (RD) account online with ICICI Bank and save up consistently and conveniently from today, so you can reap benefits tomorrow. With our RD facility, you can keep a track of your recurring transactions, avail a loan against your account and do so much more. Recurring Deposit Open a recurring deposit (RD) account online with ICICI Bank and save up consistently and conveniently from today, so you can reap benefits tomorrow. With our RD facility, you can keep a track of your recurring transactions, avail a loan against your account and do so much more. Recurring deposit scheme, customer have to make deposits of a fixed amount each month for a fixed tenure. The invested amount will be repaid to the customer after maturity with accrued interest. Salient Features. Recurring Deposit - Get recurring deposits at Kotak Mahindra Bank and earn high returns on small investment. Click here to use recurring deposit calculator online so that you can pick wisely the recurring deposit that best suits your needs.