Fixed Deposit And Recurring Deposit Bank Accounts For Children: In India, parents happily spend all their life earnings to fulfil their children's education, marriage and other wishes. However, if parents wish, they can open Fixed Deposit (FD) and Recurring Deposit (RD) accounts in the name of their minor children and invest in them and make their future bright by earning good returns on investment till the child grows up. Let us know how you can open FD and RD accounts in the name of your child and what documents you may need to open these accounts.