Is RD a good investment? Please share your thoughts
I believe a Recurring Deposit is good for people who want to save regularly without taking risks. It works well if you do not have a large lump sum but can set aside a fixed amount every month.
With flexible tenures between 6 months and 10 years, I can align it with my short or long-term goals. Since the interest rate stays fixed, I know exactly what I will get at maturity, making it easy to plan.
For me, RD also builds discipline because I commit a part of my income each month. I get a guarantee of returns, and my money stays safe. So, according to me, it is ideal for salaried individuals or anyone looking for assured growth.
The only thing I keep in mind is the tax on interest, but that can be managed with forms like 15G or 15H. Overall, I find a Recurring Deposit perfect for steady savers who prefer security and certainty over market risks.