what is recurring deposit (rd) ? – a customer education initiative from dhfl
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DHFL – www.dhfl.com
Good Morning Vinodji. I need your guidance again. I am not able to save up enough..
Why? What Happened?
I hardly have any surplus available.
Why don’t you open a Recurring Deposit?
A recurring deposit? What is that?
Recurring Deposit is a deposit product that allows you to save small sum of money every month or quarter and gives you attractive and assured returns.
Oh! Is that so?
Yes, Recurring Deposits also give you the benefit of compounding
By investing a minimum Rs. 500 each month, at 9.50% interest rate.. you would have saved Rs 38,323 at the end of 5 years,
And if you wish to invest more, let us say, Rs. 1000 each month, at 9.50% interest rate...you would have saved Rs 1,98,553 at the end of 10 years.
Recurring deposits are ideal to achieve your long-term goals such as Children’s Education, Wedding expenses, Retirement planning, Saving up for a vacation, etc.
Thank you Vinodji. Recurring Deposits are indeed one of the simplest investment option available with several benefits. I shall open a Recurring Deposit right away.
Go Ahead…
