Direct answer
A fixed deposit requires a single lump-sum investment for a set period, whereas a recurring deposit allows you to invest smaller, fixed amounts periodically over the same duration.
Standard banking financial product definitions and interest accrual guidelines. For additional information about banking guidelines and deposit classifications, see the Reserve Bank of India‘s official portal.
What this means for you
A fixed deposit requires a single lump-sum investment for a set period, whereas a recurring deposit allows you to invest smaller, fixed amounts periodically over the same duration.
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