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%
- 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
|INR. 10/- and in multiples of INR. 5/- thereafter|