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What are the advantages of opening up a post office recurring deposit account (RDA)?

The post office offers a fixed rate of interest unlike banks where the interest rates on fixed deposits keep fluctuating depending on conditions such as their demand supply position.

11 Dec 2008

The post office offers a fixed rate of interest unlike banks where the interest rates on fixed deposits keep fluctuating depending on conditions such as their demand supply position. Being a department of the Government of India, it is a relatively safe investment where at least the principal amount in the recurring deposit account is assured.



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