What is FD (Fixed Deposit) and RD (Recurring Deposit)?

Alanhardy0729 Apr, 2024Finance

In the domain of secure investments, Fixed Deposits (FD) and Recurring Deposits (RD) stand apart as tried and true monetary instruments. This article intends to give a complete manual for FD and RD, revealing insight into what they are, the manner by which they work, and the factors to consider while investigating the best FD rates, especially from presumed banks like SBI.