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Can You Become a Lakhpati by Investing Just Rs 5,000 a Month? Here's the Math
NDTV Profit 2 hrs ago·3 Sept 2026, 4:30 am
A recurring deposit (RD) is a savings scheme where you invest a fixed amount every month for a set period. In return, the bank pays you a fixed interest rate, which is generally higher than a standard savings account. This regular investment helps you build a corpus over time through the power of compounding.
For investors, this is a disciplined way to save and grow wealth without market risks. The fixed maturity amount is predictable, making it easier to plan for future goals like buying a house or funding a child's education. It offers a sense of security as the returns are guaranteed by the bank.
Watch out for the interest rate offered by different banks, as this directly impacts your final maturity amount. Also, check the lock-in period before investing. While RDs are safe, they may not always beat inflation, so consider them as a part of a diversified investment portfolio rather than the sole strategy for wealth creation.
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