Axis Bank does not undertake any liability or responsibility to updateĪny data. User should exercise due care and caution (including if necessary, obtaining of advise of tax/ legal/ accounting/įinancial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. The use of any information set out is entirely at the User's own risk.

Herein or on its completeness / accuracy. Keep renewing your RD or at the end of the tenure make a fixed deposit of the maturity proceedsĪxis Bank’s RD calculator will help you ascertain the quantum of interest you can earn over the tenure of the RD and the maturity proceeds.Īxis Bank does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated.Do not stop investing in the RD account and prematurely close it.Select the amount and the tenure of your bank RD thoughtfully.Invest regularly and do not delay depositing your instalment sum (be disciplined).Open an RD account when the interest rates are high.Furthermore, a bank RD can help you address liquidity needs provided the tenure and the investment amount are thoughtfully selected.įrom a diversification point of view as well, it is wise to invest some portion in a bank RD every month, even though your risk profile may influence you to deploy your hard-earned money in market-linked investment avenues.Ī bank RD too you can create wealth, provided you do the following: If you are looking at options to save and invest some portion of hard-earned money every month but want fixed and secured returns, a bank Recurring Deposit (RD) is a worthwhile avenue.Ī bank RD is a form of term deposit (popularly known as a fixed deposit) that facilitates you to invest every month steadily, regularly and systematically, whereby you can address certain financial goals. Pradhan Mantri Jeevan Jyoti Bima Yojana.Commercial Vehicle & Construction Equipment Loan.

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