FD vs RD
Same rate, same term, same total. The difference is when the money starts working.
Record this deposit once and the app does the rest: reminded before it matures, told the day TDS starts at that bank, and the rules of the product explained with your own numbers. Free, and your deposits stay on your phone.
Get it on Google PlayQuestions people ask
Which one pays more?
The FD, always, for the same rate and total. Every rupee is earning from day one instead of arriving over the term.
Then why open an RD?
Because most people do not have the whole amount on day one. An RD is the version you can fund from a salary.
Can I do both?
A common pattern is an RD through the year, then rolling the maturity into an FD.
Are the tax rules different?
No. Both are taxed the same way and count towards the same per-bank TDS limit.
Which is easier to break?
Both allow early closure with a penalty. RD penalties are often harsher in the first year.