RD stands for Recurring Deposit, a type of bank account where you deposit a fixed amount of money every month for a specific period. Learn the meaning, definition, and benefits of RD and how it helps you save money and earn interest. 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. RD stands for Recurring Deposit, a type of savings account that lets you deposit a fixed amount each month and earn interest. Learn how to open an RD account online or offline with HDFC Bank and the advantages of this investment option. RD full form in banking is ‘recurring deposit’. It is an investment tool where you can save funds through small monthly installments.
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