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Tuesday, October 14, 2014

Post Office Recurring Deposit Account

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
Minimum Deposit
Maximum Deposit
Individual Account
INR. 10/- and in multiples of INR. 5/- thereafter
No limit.

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