| Basis | Fixed Deposit Account | Recurring Deposit Account |
| 1. Meaning | Fixed Deposits are the deposits received for a fixed period of time. | A Recurring Deposit account is that account where depositors regularly deposit a fixed amount for a specific period of time. |
| 2. Facilities | The bank gives a Fixed Deposit Receipt to the Fixed Deposit holders. | The bank gives a Pass Book and Pay-in-Slip book to Recurring Deposit holders. |
| 3. Rate of Interest | The rate of interest allowed is higher. The longer the period of deposit, the higher will be the rate of interest. | The rate of interest is less than Fixed Deposit Account. |
| 4. Suitability | It is suitable for those people having surplus income in hand. | It is suitable for fixed-income groups and lower-income groups. |
