Steps to open Online Recurring Deposit (RD) in SBI

Steps to open Online Recurring Deposit (RD) in SBI

Finances News

Recurring deposit is one of the most popular and secure investment option. In recurring deposit you need to invest a specific amount for the term period of recurring deposit. On the maturity investor will get maturity amount. This amount is comprising of principal and interest amount. It is like SIP investment of mutual fund where you invest money regularly instead of lumpsum. Recurring deposit can be opened at public, private sector banks as well as at post office. Looking at safety it is advisable to open recurring deposit at either at post office or at SBI. Here is detail about