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Finance
Recurring Deposit (RD)
An account where fixed amounts are deposited regularly to earn interest over time.
RDs encourage disciplined saving. Interest is earned on each deposit cumulatively, making it a predictable way to grow funds.
Recurring deposits are like watering a plant regularly — small consistent deposits grow over time.
Real world: Depositing $200 monthly to build a fund for future travel.
💡 Recurring deposits help build savings steadily with regular contributions.