What is Recurring Deposit ?
A recurring deposit is a type of term deposit provided by banks. It lets you deposit a fixed monthly amount from your regular income into your recurring deposit account. You can earn interest at the applicable rate to the fixed deposits.
Why Choose CFS for Investing in Recurring Deposits?
A disciplined saving habit can only be cultivated with the help of market-specific counselling. And so, we have in our bag the best schemes and suggestions that not just answer your present but also future needs.
Our experts are always there to guide you in choosing the best RD offers or help you convert your income into recurring interest.
We make sure that you get the best interest rates available in the industry at the lowest price possible.
Advantages of Investing in Recurring Deposit
Recurring deposits offer attractive interest rates that are comparatively higher than that of saving accounts. Thus, you can get maximum rates out of minimum deposits.
Many financial institutions offer zero penalties even if you miss a month. So, there is no pressure on you to pay every month.
You do not need to pay much money every month to get a recurring deposit. The minimum amount is very low, and almost anyone can afford it.
Only with a linked savings account can you open a recurring deposit account. Thus, minimal documentation and verification processes make it easier to invest.
Recurring deposits are suitable for every type of short-term goal. Whether you need financial support for renovating your home or your child’s education, everything is possible with recurring deposits.
Mostly the deposit tenure starts from 6 months. But you can easily choose a suitable deposit period with a maximum limit of 10 years.
Our Happy InvestorsWhat is it like to work with Core Financial Services
He is the most profound person I have met, and his ability to tackle any problem is amazing. Clarity of thoughts and a vision of helping clients build their wealth wisely, Hemant is doing a valuable contribution in imparting financial planning solutions and awareness. Kudos to you and your team at CFS.
Book your appointment with us for free consultation now!