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RD stands for recurring deposit, a special kind of term deposit in India that helps people with regular incomes to save and earn interest. Learn about the operation, formulas, taxation and references of RD schemes. Learn the full form & differences between FD & RD , their features, benefits & which investment option suits your goals. Explore HDFC Bank’s secure deposit options today. Recurring Deposit ( RD ) means a bank account that deposits a fixed amount & locks in funds for a set period. It's a safe finance feature for short-term goals.
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