How to open an RD account online in India - What is an RD account and why open one?

A Recurring Deposit (RD) is a simple way to save a fixed amount every month for a chosen period, usually between six months and ten years. It helps you earn guaranteed returns through quarterly compounding and can be a good option for people who want to build a regular savings habit for short- or medium-term goals. What is an RD account & why open one?