RD-FD means recurring deposit and fixed deposit in which a customer deposits amount to particular organization and get sum of amount after a fixed period of time.
In RD (recurring deposit) scheme customer deposits amount to the organization on daily/ weekly or monthly basis and whenever the maturity time period occurs, the depositor gets the deposited amount with interest. In FD (fixed deposit) scheme customer deposits a sum of amount for a fixed time period i.e. for one year, two years, five years or more. When the fixed time period reached, depositor gets the maturity amount with interest. An organization/ company who willing to start RD-FD, Finance Business organization, they cannot manage all the transactions and calculate interest manually. They required RD-FD Software to manage all these transactions like transactional reports, installment dues report, maturity report, customers list and many more reports.