What is FD and RD?

Question

What is FD and RD?

Accepted Answer

FD and RD are financial terms. FD stands for Fixed Deposit and RD stands for Recurring Deposit.

FD is a type of investment where a lump sum amount is deposited for a fixed period of time at a fixed interest rate.
RD is a type of investment where a fixed amount is deposited at regular intervals for a fixed period of time at a fixed interest rate.
Both FD and RD are offered by banks and other financial institutions.
FD and RD are considered safe investment options with guaranteed returns.
FD and RD are popular among risk-averse investors who want to earn a fixed income on their savings.

Accepted Answer

RD is where investors invest a fixed amount each month in the RD account. FD is where the investors make a one-time investment in an FD for a fixed tenure. Eligibility. Investor:RD payment is month by month and fd is one time invest .

Accepted Answer

RD is where investors invest a fixed amount each month in the RD account. FD is where the investors make a one-time investment in an FD for a fixed tenure. Eligibility. Investor: Individual

What is FD and RD?

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