Do I have to invest in a post office recurring deposit account (RDA) at one go? How many such installments can be made?
You can make deposits, of up to 60 installments into the account.10 Dec 2008
You can make deposits, of up to 60 installments into the account. The first installment will be made at the time of the account opening. The amount to be deposited on a monthly basis is prefixed. Each subsequent monthly installment shall be made before the end of the calendar month and shall be equal to the first deposit. If a deposit is made by cheque, pay order or demand draft, the date of its presentation to the post office savings bank will be considered as the date of deposit.