# Recurring Deposit account in Jupiter **URL:** \ **Category:** Feedback & Ideas\ **Created:** [29 July 2023 18:12 UTC](https://community.jupiter.money/t/recurring-deposit-account-in-jupiter/47982 "2023-07-29T18:12:00Z")\ **Posts on this page:** 9\ **Page:** 1
**Author:** ![mandar\_kakade](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mandar_kakade/32/18481_2.png) [@mandar\_kakade](https://community.jupiter.money/u/mandar_kakade)\ **Post date:** [29 July 2023 18:12 UTC](https://community.jupiter.money/t/recurring-deposit-account-in-jupiter/47982/1 "2023-07-29T18:12:00Z")
There should be an option to open Recurring Deposit account in Jupiter. I have searched so far and found only fixed deposit scheme only. It would be a great if it is featured in Jupiter ---
**Author:** ![Abhishek\_Ulayil](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/abhishek_ulayil/32/9197_2.png) [@Abhishek\_Ulayil](https://community.jupiter.money/u/Abhishek_Ulayil)\ **Post date:** [29 July 2023 19:21 UTC](https://community.jupiter.money/t/recurring-deposit-account-in-jupiter/47982/2 "2023-07-29T19:21:46Z")
Use Super Pots as an RD, Using habits set up a day in a month or week to deposit any specified amount. Or you can add money to it manually as well. Max tenure is of 1 year. ---
**Author:** ![Sanaullah](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/sanaullah/32/18081_2.png) [@Sanaullah](https://community.jupiter.money/u/Sanaullah)\ **Post date:** [2 August 2023 07:57 UTC](https://community.jupiter.money/t/recurring-deposit-account-in-jupiter/47982/3 "2023-08-02T07:57:20Z")
Please use pots . It is as good as RD. You can start and set frequency as per your choice. And can redeem it anytime so liquidity is also maintained ---
**Author:** ![mandar\_kakade](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mandar_kakade/32/18481_2.png) [@mandar\_kakade](https://community.jupiter.money/u/mandar_kakade)\ **Post date:** [18 August 2023 03:24 UTC](https://community.jupiter.money/t/recurring-deposit-account-in-jupiter/47982/4 "2023-08-18T03:24:07Z")
Pots gives returns max 4%PA which is quite low compared to RD returns which is near to 7%PA. This is why I prefer RD over pots & recommended to introduce in Jupiter account. For 3-4% I don’t even need to add in pots, in savings account it is automatically adds up interest quarterly. so pots are not so effective instruments compared to RD. ---
**Author:** ![Abhishek\_Ulayil](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/abhishek_ulayil/32/9197_2.png) [@Abhishek\_Ulayil](https://community.jupiter.money/u/Abhishek_Ulayil)\ **Post date:** [18 August 2023 03:33 UTC](https://community.jupiter.money/t/recurring-deposit-account-in-jupiter/47982/5 "2023-08-18T03:33:07Z")
Super pots give returns upto 6.8%(1year) it is as good as RD. ![image](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/3X/a/1/a1a4b2e27783399d958250c4c15cdb087f22543a.png) ---
**Author:** ![alexnazy](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/alexnazy/32/18797_2.png) [@alexnazy](https://community.jupiter.money/u/alexnazy)\ **Post date:** [18 August 2023 08:56 UTC](https://community.jupiter.money/t/recurring-deposit-account-in-jupiter/47982/6 "2023-08-18T08:56:37Z")
I was talking to Jupiter customer care and they said that the Super Pots are basically Recurring Deposits. @Shawnpinto @All please correct if this is wrong. Also I noticed while the major banks give RD for 6 months, 9 months or 1 year, Super Pots gives you better returns for even a month (3.25% vs 3.05% on the savings account). And another benefit I like in Super Pots is that you can label the SuperPot unlike a RD. Helps me make a note of why I am saving in the SuperPot. ---
**Author:** ![Abhishek\_Ulayil](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/abhishek_ulayil/32/9197_2.png) [@Abhishek\_Ulayil](https://community.jupiter.money/u/Abhishek_Ulayil)\ **Post date:** [18 August 2023 09:53 UTC](https://community.jupiter.money/t/recurring-deposit-account-in-jupiter/47982/7 "2023-08-18T09:53:09Z")
For more info on super pots refer to this post : [Jupiter Secretly has an RD option](https://community.jupiter.money/t/jupiter-secretly-has-an-rd-option/43007) ---
**Author:** ![Abhishek\_Ulayil](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/abhishek_ulayil/32/9197_2.png) [@Abhishek\_Ulayil](https://community.jupiter.money/u/Abhishek_Ulayil)\ **Post date:** [18 August 2023 09:54 UTC](https://community.jupiter.money/t/recurring-deposit-account-in-jupiter/47982/8 "2023-08-18T09:54:42Z")
Also to add to this the interest rates are actually a bit more. The calculations in the above post are simplified simple interest calculations. But when the actual interest is calculated there is also a component of quarterly compounding. ---
**Author:** ![system](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/system/32/17131_2.png) [@system](https://community.jupiter.money/u/system)\ **Post date:** [7 September 2023 14:11 UTC](https://community.jupiter.money/t/recurring-deposit-account-in-jupiter/47982/9 "2023-09-07T14:11:02Z")
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