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What is an RD in banking?

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SRMSB

Lvl 5
∙ 4mo ago
Updated: 6/10/2026

A Recurring Deposit (RD) is an account that allows customers to deposit a fixed amount every month for a specific tenure. It encourages disciplined savings while earning interest. At SRM School of Banking (SRMSB), students learn important banking terms like RD through practical training.

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John Doe

Lvl 6
∙ 4mo ago

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