A recurring deposit account is an excellent savings tool for disciplined investors who want to set aside a fixed amount of money regularly. You make monthly deposits over a specified period, and the bank pays you interest on these contributions at a predetermined rate. This account helps you build savings steadily while earning attractive interest.

With a recurring deposit account, you benefit from the consistency of regular deposits combined with the advantage of compounded interest. It's ideal for planning future expenses or saving for goals, as it encourages regular savings habits while providing a reliable return on your investment.