If you are familiar with SIP in Mutual Funds, RD works similarly in banking. It is a type of term deposit which allows one to save a fixed amount of money every month systematically. With HDFC’s Recurring deposit scheme, one can now save money in regular installments and earn interest on payments.Ī recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate.
HDFC Bank RD (Recurring Deposit) Interest Rates 2023 Updated on Novem, 16954 views
