What are the risks involved in the recurring deposits?
The main risk is that the interest rate may go up in the future, and you will be stuck with the original lower interest rate.
If the RD is with a weaker bank, there is the risk that the bank may be unable to return the deposit at maturity. If you go with one of the bigger banks(e.g: SBI, ICICI, HDFC), then this risk is close to zero.
As per my knowledge, I have heard the recurring deposits don’t have much risk. They are often termed as risk free and also they are not subjected to market risks.