A Recurring Deposit, commonly known as RD, is a unique term-deposit that is offered by Shriram City Union Finance Ltd. Recurring deposits enable you make regular deposits and earn best in segment returns on the investment. Due to the regular deposit factor and an interest component, it often provides flexibility and ease of investments to investors. Similar to Fixed deposits, Recurring Deposits are also a contract between you and the Achudha Financial Servics for the approved interest rate from the date of investment till maturity.

However, unlike Fixed Deposit in Recurring Deposits you invest amount on regular intervals unlike one-time investment in Fixed Deposit. With investment tenure ranging from 12 months to 60 months, Achudha financial services Recurring Deposits come with a “MAA+/ with Stable Outlook” rating by ICRA (Indicates high credit quality). However, it is essential to know that Shriram City Recurring Deposits are different from Shriram City Fixed Deposits. RDs are flexible in most aspects. An RD account holder can choose to invest a fixed amount each month while earning decent interest on the amount similar to SIP’s (Systematic Investment Plans). RDs are an ideal saving-cum-investment instrument which encourages wealth building habits to individuals.