Minimum INR 100/- per month or any amount in multiples of INR 10/-. No maximum limit.
Feature
Single, Joint Holder, a guardian on behalf of minor, minor above 10 years in his own name
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After 4 regular default. account become discontinue
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Rebate on advance deposit at least 6 installment. for Rs. 100 denomination rebate Rs. 10 for 6 month , Rs. 40 for 12 month
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After 12 installments & account is continued for 1 year loan facility 50% of the balance in the account. Interest on loan will be applicable as 2% + RD interest rate
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RD Account can be closed prematurely after 3 years from the date of account opening PO Savings Account interest rate will be applicable if the account is closed prematurely
5 years (60 monthly deposits) from the date of opening Account can be extended for 5 years .
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On the death of account holder nominee/claimant can submit claim at Post Office.
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full detail article
Post Office Recurring Deposit offers many benefits to individuals. RD's help them save for emergencies.