A Recurring Deposit (RD) is a type of savings account where individuals can regularly deposit a fixed amount of money at regular intervals (monthly, quarterly, etc.). Over time, these regular deposits accumulate with interest, and the account holder receives a lump sum amount at the end of the predefined period. However some banks in Nepal, deposit interest earned on normal savings accounts either monthly, quarterly or at maturity as per predetermined agreement View More
|Samriddhi Nichhep Yojana
|Jyoti Bikas Bank
|Jyoti Recurring Deposit
|Garima Bikas Bank
|Recurring Savings Account
|Citizens Recurring Deposit(NPR) - 1 Year and above
|Nepal Investment Mega Bank
|NIBL Recurring Fixed Deposit
Recurring Deposit(RD) is a combination of fixed deposit and saving product for individuals who prefers to save money periodically from their monthly saving for defined period of time.
Yes, existing account holders can easily open RD account. Where as new customers have to open saving account first to enjoy RD account.
For investors who want to save a regular amount, recurring Deposit is a good investment option without any risk.