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Discover the Power of Recurring Deposits

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Deposit Schemes

Recurring Deposit

Turn your small monthly savings into big returns.

Start your RD today and secure your future!

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Recurring Deposit Plans

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Save taxes under Section 80C with an RD plan.

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Guaranteed returns up to 7% annually.

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Start your RD with as low as ₹5000/month.

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7% Guaranteed Returns

Grow your savings securely over time.

Flexible Tenure

Choose a duration from 6 months to 10 years.

₹5 Lakh Maturity Benefit

Earn high returns with complete safety.

Recurring Deposit Illustration

What is RD?

With recurring deposits at COEQUAL Nidhi, customers enjoy the flexibility to invest a sum of their choice every month and save as per their convenience. This unique feature sets it apart from Fixed Deposits.

COEQUAL Nidhi offers recurring deposit plans with tenures ranging from 6 months to 10 years. Interest rates remain fixed for the entire tenure, ensuring predictable returns. Just like Fixed Deposits, the principal is received upon maturity, with the option to receive interest at regular intervals or at maturity.

Why Choose RD?

RD, or Recurring Deposit, is a systematic way to save a fixed amount regularly over a predetermined period. It offers a reliable Recurring Deposits (RD), making it an attractive option for disciplined savers who wish to achieve specific financial goals.

With Recurring Deposits, you can enjoy the benefits of compounded interest and secure returns. It is an ideal choice for individuals who want to cultivate a habit of saving while earning a fixed interest rate on their investments.

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FD VS RD

Compare and Choose: Fixed Deposit or Recurring Deposit?

Both Fixed Deposits and Recurring Deposits are excellent choices for risk-averse investors. The primary advantage is guaranteed returns.

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Recurring Deposit Illustration

Understand The Difference Between Fixed Deposit and Recurring Deposit

Both Fixed Deposits and Recurring Deposits are excellent choices for risk-averse investors. The primary advantage is guaranteed returns. However, many people find it challenging to decide between the two options. At COEQUAL Nidhi, our experts are here to guide you in selecting the most suitable investment plan for your financial goals.

FD V/S RD: Key Differences

At COEQUAL Nidhi, we understand that choosing between Fixed Deposit (FD) and Recurring Deposit (RD) can be challenging. To help you make the best investment decision, we’ve provided a detailed comparison of FD and RD. This will give you a clear understanding of these two popular investment options and help you select the one that suits your financial goals.

The table below highlights the key differences between FD and RD at COEQUAL Nidhi, ensuring you have all the information you need to make an informed choice:

Here, we have given you a detailed guide on FD v/s RD, the difference between the two types of term deposits.

Particulars Fixed Deposit Recurring Deposit
Deposit Frequency Once Monthly or Quarterly
Minimum Deposit Rs. 5,000 Rs. 5,000 - 10,00,000
Tenure 7 days to 10 years 6 months to 10 years
Interest Payout Monthly or Quarterly Mostly at the time of maturity
Auto-Renewal Option Available Not Available

RD Schemes:
S No Scheme Name Investment Amount (Rs) Tenure (Year) Rate of Interest (Per Annum)
1 Parijatha 5,000 - 10,00,000 2 15%
2 Chandana 5,000 - 10,00,000 3 17.50%
3 Kadamba 5,000 - 10,00,000 4 20%
4 Aswatha 5,000 - 10,00,000 5 25%

Advantages of Recurring Deposits

  • Affordable Investments
    Start your savings with as little as Rs.100, making it accessible for everyone to build a secure future.
  • Competitive Interest Rates
    Enjoy interest rates between 4% and 7%, providing a reliable way to grow your funds consistently.
  • Pre-closure Penalties
    For deposits below Rs.2 crores, a 1% penalty on the applicable ROI applies. For deposits exceeding Rs.2 crores, specific pre-closure norms are enforced.
  • Detailed Policy Insights
    Refer to the "Policy on Deposit" available on our Corporate Site for comprehensive details and conditions.
Benefits of Fixed Deposits

Final Thoughts

Recurring deposits come with a range of advantages that make them a great choice for anyone looking to save and grow their wealth. They offer the comfort of regular savings, fixed interest rates, and compounded interest, making them a reliable and safe option to help you meet your financial goals. What's more, you can even take out a loan against your RD, giving you added flexibility and convenience when you need it most.

Why wait? Start your journey today with COEQUAL Nidhi Schemes, designed with your unique needs in mind, and take the first step towards a secure and prosperous financial future.

Frequently Asked Questions About Recurring Deposits

The minimum monthly deposit for a Recurring Deposit typically starts at ₹5,000, and the maximum can go up to ₹1 lakh or more, depending on the financial institution's policies.

Recurring Deposit tenures range from 6 months to 10 years. You can choose the tenure based on your financial goals and preferences.

No, the monthly deposit amount remains fixed for the entire tenure of the RD. You can, however, open another RD with a different deposit amount.

Yes, the interest earned on a Recurring Deposit is taxable. It is added to your total income and taxed according to your income tax slab. TDS is applicable if the interest income exceeds ₹40,000 (₹50,000 for senior citizens).

Yes, you can withdraw your RD prematurely, but it may result in penalties and reduced interest. The exact penalty depends on the institution's policies.