A Recurring Deposit (RD) is a type of investment offered by banks where a customer can invest a fixed amount of money on a regular basis, usually monthly, for a fixed period of time, ranging from 6 months to 10 years. The bank pays a fixed rate of interest on the deposited amount, and the interest rate is usually higher than that offered on a regular savings account.

A Saving Deposit is a type of account offered by banks that allows customers to deposit and withdraw money as and when required, while also earning interest on the deposited amount. Saving Deposits are one of the most popular types of bank accounts, as they provide customers with a safe and convenient way to save and manage their money.