What is RD
and FD
In this new Era of MLM / Network Marketing; RD FD is latest. RD – FD Software
(Recurring Deposits and Fixed Deposit). Credit cooperative societies need such System
to work on their plans of RD and FD and they are creating and managing such schedules
for deposits and withdrawals, and providing handsome maturity to the Society member.
In RD (Recurring Deposit) the people deposits a sum of amount to the institutions on daily, weekly or monthly basis and after a fixed time he/she returned a matured amount with interest to the depositor.
In FD (Fixed Deposit) the person deposit a sum of amount for a fixed time of period suppose for five years. After five years the FD become mature and he/she returned with interest.
