In addition to the default MONTHLY recurring option available for donation, you can now offer the WEEKLY and DAILY recurring option as well to your donors.
These options can be viewed from Settings > Donation screen. Make necessary changes as per your requirement and then click on the Save button at the bottom of the page.
Admin can also customize and set the default value for the transaction frequency for online donation collection. For recurring transactions, lifetime recurring can also be enabled as default.
These recurring frequencies are available on Admin dashboard and online donation form only.
Note: In order to update the payment information of the donor and re process the declined transaction (if any). Below help article is for your reference.