Recurring Deposits are termed deposit which is like fixed deposits in their type. They are made for particularized periods of time like a year or more. The interest rates for RD and fixed deposits are the same. The distinction between them is that you don't need to wait for its withdrawal until the maturity period in a case that you wish. Moreover, you can grab the interest rate till the date of withdrawal.
Recurring deposits are useful and helpful in many angles. The best part is that the depositor can earn good interest rates for the deposited amount. In addition the depositor has the opportunity to withdraw the money whenever they need it with the assured interest calculated up to the date of withdrawal. That enables the client to deposit with a chance to build up their savings over a routine monthly deposit of fixed value over a fixed duration of time.