A Recurring Deposit, commonly known as RD, is a unique term-deposit that is offered by Kings Life Nidhi Ltd. It is an investment tool which allows you to make regular deposits and earn decent returns on the investment.
It is similar to making fixed deposits of a certain amount in monthly installments. This deposit matures on a specific date in the future along with all the deposits made every month. Recurring deposit schemes allow customers an opportunity to build up their savings through regular monthly deposits of a fixed sum over a fixed period of time. The minimum period of a recurring deposit is six months and the maximum is ten years