What is the Difference between fixed deposit and recurring deposit?

1 answer

Answer

1082395

2026-08-17 06:00

+ Follow

Hi,

Fixed Deposit :

Deposit certain amount for certain period of time either monthly/yearly and fetching of amount is optional. If you need to get the FD amount in 1 year (example), interest will be added with the actual amount . The interesting rate is depends on your bank.

Recurring Deposit :

Deposit fixed amount in regular time period. At final you will get the total amount with specific interest.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.