3 Replies to “what is Term Deposit and Recurring Deposit? what is minimum and maximum period for TD &RD?”

  1. Term Deposit is money deposited once for a fixed term of so many number of days, month, year.
    Recurring Deposit is as the name implies money deposited many times at a predermined fixed intervals over a period of time ( e.g Rs 100 every month for 3 years).

    The minimum period of deposit generally will be 7 days for TD and maximum might be for 5 years.
    for RD the minimum period will generally be 12 months and max period upto 10 years.

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