RD: Recurring Deposit
What is the meaning of RD in Finance category?
A recurring deposit is a risk-free savings method that allows the investor/depositor to deposit equal installments of money every month (or quarterly) in a bank account for a fixed period (in days, months, or years) at a guaranteed interest rate. The financial institutions credit the interest earned on the principal amount on a quarterly or half-yearly basis. RDs also provide investors the flexibility to either re-invest or withdraw the credited interest. Re-investing the generated interest is recommended to take advantage of growth compounding.
A depositor can also break their recurring deposits before their maturity date for a nominal charge/fee. RDs are not eligible for tax-saving.
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Found 154 other full forms for RD →
| Term | Full Form | Category |
|---|---|---|
| R&D | Regional and Domestic
| Others |
| R&D | Research and Development
| Research Center, Technology |
| R&D | Retail and Distribution
| Others |
| R/D | Rate of Descent
| Others |
| RD | A Reference Date
| Others |