5 Year Post Office Recurring Deposit

Interest payable, Rates, Periodicity etc.

 

• 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.
• Can be continued for another 5 years on year to year basis.

 

Investment limits and Denominations

 

• Minimum INR 10/- per month or any amount in multiples of INR 5/-.
• No maximum limit.

Salient features including Tax Rebate

 

1. One withdrawal upto 50% of the balance allowed after one year.
2. Full maturity value allowed on R.D.
3. Accounts restricted to that of INR. 50/- denomination in case of death of depositor subject to fulfillment of certain conditions. 6 & 12 months advance deposits earn rebate.