"With time your needs will grow, don't just keep the money in bank but grow your money through Bank Deposit to complete your increasing need"
Recurring Deposit:
Recurring Deposit [RD] is a special kind of Bank Term Deposit offered by banks 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.
Fixed deposit:
Fixed deposits [FD] is a type of Bank deposit offered by the bank in helping the investors in getting a higher rate of interest, than regular savings account on the maturity date for which it was kept, Fixed Deposits are similar to the lumpsum amount in mutual funds.