Thinking about where to invest your money to meet your short-term as well as long-term financial needs? Forget about your Savings Account and check out the awesome RD schemes offered by banks in Nepal.
Let's understand some basics of RD.
A Recurring Deposit (RD) is a type of term deposit offered by banks and financial institutions. It allows individuals to save a fixed portion of their income(money) regularly over a predetermined period. RDs are considered a safe and stable investment option, suitable for those looking to accumulate savings gradually. Recurring Deposit schemes aim to inculcate a regular habit of saving among the public.
Popular types of RD in Nepal
Regular Recurring Deposit: This is the standard type of RD, where the depositor makes regular fixed deposits at monthly intervals. The interest rate is usually fixed at the time of opening the RD account and remains constant throughout the tenure.
Pensioner Recurring Deposit: It is a specific type of recurring deposit account designed for pensioners, typically senior citizens who receive a regular pension.
Features of Recurring Deposit (RD)
Basic eligibility Criteria for Recurring Deposit
Documents Required for Recurring Deposit (RD)
To know bank wise features, eligibility criteria, documents required, benefits and interest rate on RD Click Here.
Important factors to consider while making RD investment in Nepal.
How Saral Banking Sewa will help you?
Saral Banking Sewa enables you to compare and choose the suitable recurring deposit account with the best rate and benefits . Also, we help you to connect with banks for quick and easy account opening.
Further, our team actively seeks ways to ‘saralify’ your banking experience. If you require assistance from us, throughout your banking processes, we’re always here for you.
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