Recurring Deposit
Noun
US
/rɪˈkɜːrɪŋ dɪˈpɒzɪt/
UK
/rɪˈkɜːrɪŋ dɪˈpɒzɪt/
US
/rɪˈkɜːrɪŋ dɪˈpɒzɪt/
UK
/rɪˈkɜːrɪŋ dɪˈpɒzɪt/
A deposit scheme where equal amounts are deposited monthly.
Recurring Deposit plays a key role in banking operations and personal borrowing decisions.
Also known as: RD. Closely related to Fixed Deposit, SIP.
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Recurring Deposit - key concept in Banking & Interest.
Goal-based saving; Disciplined investing
Applied in Banking & Interest contexts: Goal-based saving; Disciplined investing