In comparison to short-term RDs and regular savings accounts, long-term RDs offer higher interest rate and come with low risk. A few banks offer up to 8.5 per cent interest rate on long-term recurring deposits for senior citizens.
RDs offer the investors the flexibility of choosing tenure and investment amount.
Top365 is your daily source for up-to-the-minute news and updates, providing you with a curated selection of the most relevant and engaging stories from around the world. Stay informed 365 days a year with our diverse coverage of breaking news, politics, technology, entertainment, sports, and more. We aim to keep you in the know, whenever and wherever you are."
© Top365 2023
