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
    
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    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

    2:42 PM
    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

    2:42 PM

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