Recurring Deposit account is basically an account where people with regular income can deposit a fixed amount every month and earn higher interest over regular savings account. With IDFC Bank's recurring deposit account you can start with as low as Rs. 2000 a month with a minimum period of 6 months. What's more, you enjoy higher interest rates and have no penalty even if you skip the payment for a month. You can open a recurring deposit account online, using your IDFC net banking credentials. It's that easy!