Get Offers from the Market
Apnapaisa will try to find competing offers from the market (May 2012)
that meet your specific need
that meet your specific need
I want best offer for....
Post Office Recurring Deposit (PO-RD): Overview
The post office
recurring deposit
(PO-RD) account is a systematic way of saving
money. The scheme is meant for those investors who want to deposit a fixed
amount regularly on a monthly basis and
get a tidy sum
on maturity after the
stipulated 5 years. The current interest rate is 8.40% pa.
The recurring deposit account can be opened at any post
office. The investor makes sixty equal monthly
deposits. The minimum monthly deposit has to be Rs. 10, higher
deposits increasing in multiples of Rs. 5.
The investor can close the account
prematurely after 3 years. At closure, the investor is entitled to the interest
rate applicable to post office savings accounts.