00:00Hello friends, welcome to another great video.
00:03If you want to watch a video related to investment then subscribe to this channel and like the video if you like it.
00:11So friends, today I have brought another new video for you.
00:16So friends, today I will tell you about RD i.e. Recurring Deposit.
00:21Just like there is FD in a bank or bank account, there is also RD i.e. Recurring Deposit.
00:28So friends, what happens in FD is that we deposit a fixed amount together.
00:34For example, if you want to take FD from the bank, then you can deposit Rs. 50,000, Rs. 20,000, Rs. 1,00,000, Rs. 2,00,000 in FD.
00:45So friends, there is an RD which is called Recurring Deposit.
00:50So friends, in RD, there is a monthly saving.
00:55If you do some work, then you can deposit some savings in RD.
01:01So friends, every month when we start depositing a single amount in RD, then you can keep it for 1 year, 5 years, or as many years as you want.
01:12So friends, in RD, you get interest.
01:15So friends, interest depends on different banks.
01:19Post office also has different interest.
01:22So friends, in this, you get an interest of 3 to 6 to 7 percent, which you can get every month and at the time of maturity.
01:33Now friends, before taking RD, you will have to take care of some things.
01:37So friends, as soon as you go to the bank to take RD, you are given a form.
01:41So friends, to take RD, you have to go to the bank or you can take it online or offline.
01:48So friends, when you go to the bank to take RD, you are given a form there.
01:53So friends, you have to fill all the details in that form.
01:56Now friends, you have to set a date on which date that money will be deposited in RD from your account.
02:03So friends, you have to take that date very carefully, so that your money does not bounce at the right time from your account.
02:14Because if it bounces, then your penalty can also be imposed.
02:18Now friends, you will also have to see in that form that you want the interest amount every month or at maturity.
02:25So that's why you fill all these details in it.
02:28Friends, you can also open an RD account in a joint.
02:31That is, more than one, you can open two joint accounts in RD.
02:39And friends, you have to give a nominee in it, so you have to mention the nominee in it.
02:44And friends, you can take RD online or offline.
02:49So friends, that's all for today.
02:51If you like the video, then like it and subscribe to the channel if you are new.
02:55See you in the next video.
02:57Till then keep watching.
02:58Thank you and bye bye.
