Recurring Deposits are also known as RDs, and Fixed Deposits are known as FDs. Millions of people choose both of these alternatives every year in order to lock in their money and get a high return.
One of the most significant advantages of investing in an FD or RD is that they are both risk-free. This implies that when the investment matures, the investors will get a guaranteed sum. This is in stark contrast to stock investments, which are governed by market conditions.
Regardless of the differences between a fixed deposit and a recurring deposit, both of these investment alternatives are safe, flexible, and provide attractive interest rates. These features make FD and RD schemes good options for everyone irrespective of their age, occupation, and gender.