The RD (Recurring Deposit) FD (Fixed Deposit) Institutions are these who takes deposits and the people and provides the loans.
In RD (Recurring Deposit) the people deposits a sum of amount to the establishments on daily, weekly or month-to-month 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 duration consider for 5 years. After 5 years the FD grow to be mature and he/she returned with interest.
An institution can begin RD FD business and control all the transactions of deposits. To control all these transactions, due installments of RD, maturity date of RD and FD all such variety of managerial tasks can't control manually.