Have you ever had a recurring deposit in your bank? I think it is a very good way to save some money for a safe return at the end. This is ideal for salaried people as you need to deposit a fixed amount every month in your account. As the name denotes you will be paid interest on the accumulated capital+interest every month. But you are allowed to withdraw it only after the specified period or else you may not get any interest on your capital and in some cases it would attract a penalty too. It varies from banks to banks. However, you will end up getting a good sum of money after the tenure of deposit. Usually its period varies from 6 months of 10 years and you need to pay the fixed amount every month without fail. The rate of interest depends on the tenure you choose while starting your recurring deposit.