Post Office RD Account Big news! 7 interest will be available on opening RD account in the post office, know how
Post Office RD Account Investment Post Office Recurring Deposit Account is a yearly deposit made at the Post Office! This is a post office savings scheme which is suitable for middle class families to get yearly payment.
Yearly payers can get an seductive maturity quantum by paying a small part of their payment in this RD scheme. All people can fluently deposit in post services as compared to banks. Since post services are located in all corridor of India, common people can also share in savings schemes.
Post Office RD Account 7 interest will be available on opening RD account in the post office, know how
Post services have a variety of savings schemes analogous to those in banks. This means opening Post Office Savings Accounts in Post services, Recreating Deposit, Fixed Deposit and Public Provident Fund and colorful other savings schemes.
Ordinary people are also investing in post office savings schemes with confidence because the post services are under the control of the central government. You can invest a small of 10 rupees per month in the small savings scheme, Post Office RD!
Post Office RD Interest Rate Calculator – RD Interest Rates
Interest charge on Post Office schemes change from time to time. The interest rate of RD has been fixed at7.2 per annum as on01.06.2021. The interest quantum will be paid every quarter. This ensures that an quantum is multiplied during the maturity period.
Interest Rates for Post Office RD
| Financial year | April – June | July – September | October – Cheating | January – March |
|---|---|---|---|---|
| 2020 – 2021 | 5.8% | |||
| 2019 – 2020 | 7.30% | 7.20% | ||
| 2018 – 2019 | 6.90% | 6.90% | 7.30% | 7.30% |
| 2017 – 2018 | 7.20% | 7.10% | 7.10% | 6.90% |
| 2016 – 2017 | 7.40% | 7.40% | 7.30% | 7.30% |
nonstop deposits give an occasion to save for the future requirements of individualities. Unlike deposits in banks, there's a minimal quantum. In this way all the poor simple, middle class families of the country are getting profit.
You can deposit in RD with a minimum ofRs. 10 per month!
There's no similar thing as a maximum quantum
crucial Features – Post Office Recurring Deposit Account
You can open RD account with cash or inspect.
It also has the installation to nominate a designee. Appointment can be done indeed after opening Post Office RD Account.
When you move to another position, you can transfer the account to the nearest post office.
You can open any number of accounts in any post office.
Two persons( grown-ups) can open a common account contemporaneously.
Single account can also be converted into common account.
Open post office accounts can also be inspect in the name of minors. And minors above the age of 10 times can open and manage the account on their own.
Late RD Deposit – Penalty( Post Office Recurring Deposit Interest Rate)
still, you'll have to pay a fine the coming time you make! Penalty will be 0, If you fail to pay in one month.05 for every 5 rupees i.e. 5 paise.
Also, if the payment isn't made for 4 successive months, also the RD Account will beclosed.However, the account isn't likely to continue, If the account isn't renewed within 2 months.
Post Office RD Rebate – Waiver
Advance deposit quantum can be paid for at least 6 months in this Post Office RD Yojana.
still, you can get a reduction of Re 1 for every Rs 10!
If you pay for 6 months to 11months.Deposits of 12 months and over will be subtracted at the rate ofRs. 4 for everyRs. 10 paid in advance.
You can get a reduction of Re 1 for every 10 deposits made after 12 deposits!
Note that this advance deposit must be made within a identify month.
Deposit quantum Post Office RD Account
nonstop deposits give an occasion to save for the future requirements of individualities. Unlike deposits in banks, there's a minimal quantum. In this way all the poor simple, middle class families of the country are getting profit.
You can down payment in RD with a minimum of Rs 10 per month!
There's no similar thing as a maximum quantum
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