Wednesday, January 02, 2013

Post Office - Recurring Deposit Account

  • Any individual (a single adult or two adults jointly) can open an account.

  • Advance Deposits earn rebate.

  • Four defaults are allowed.

  • Rate of interest 8.40%

  • Maturity value of a 5 Years RD account opened on or after 1.4.2012 with monthly deposit of INR.10/- shall be INR.746.51.

  • Defaults can be paid within two months.

  • Part withdrawal facility available.

  • Premature closure allowed after three years.

  • Pay Roll Savings Scheme is also available for employees of various Establishments.

  • Type of Account : Individual Account
     
    Minimum Deposit : INR. 10/- and in multiples of INR. 5/- thereafter
     
    Maximum Deposit : No Maximum Limit
     
     
    Recurring Deposit Rules
    

    2 comments:

    Arjun kumar said...

    Nice blog .Thanks admin to share this information .Before reading this post i have no idea about Recurring Deposit now i get some idea about RD and to save enough amount for my retirement year. nice blog.
    Regards,
    Arjun

    Arjun kumar said...

    Nice blog .Thanks admin to share this information .Before reading this post i have no idea about Recurring Deposit now i get some idea about RD and to save enough amount for my retirement year. nice blog.
    Regards,
    Arjun

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