Search results
Depositors can avail auto credit facility to get TD/MIS/SCSS interest directly into their PO Savings Account or auto credit RD deposit from PO Savings Account by submitting form (SB-83) at post office concerned.
The interest rate provided by the Post Office on RD is 5.80% p.a. compounded quarterly. The tenure of a post office RD is 5 years. The minimum deposit to be made in an RD account is Rs. 10 per month. There is a rebate provided on advanced deposits of at least 6 months. There is no cap on the upper limit, provided it should be in multiples of 5.
The current highest Post Office RD rates for general citizen range from 6.90% to 7.50% and for senior citizen it ranges from 6.90% to 7.50% today 2024-11-13. How to open rd account in Post Office? Post Office RD account can be opened with a minimum deposit of Rs. 100 with tenure ranging 5 Year.
Feb 22, 2024 · Post Office RD Interest Rate 2024 (Under ₹2 Crores) Indian Post Office offers interest at a compounding interval of a quarter. Moreover, the recurring deposit interest rate in post office is subject to periodic changes.
Mar 18, 2024 · The post office RD interest rates are reviewed at regular intervals, and the present interest rate is 6.90% annually. The interest is compounded quarterly, allowing the money deposited to multiply till the maturity date. Table of Content. Post Office RD Interest Rates 2024. Features of Post Office Recurring Deposit.
Post Office RD Calculator - Post Office Recurring Deposit calculator helps one estimate the amount of returns that one can get for an RD of a specific tenure. Calculate interest earned and amount of recurring deposit you will accumulate by using Online Calculator for Post Office RD at Groww.in.
Jul 25, 2024 · An interest rate of 4% p.a. is applicable on the deposits in the post office account. You can avail of a cheque book, ATM card, e-banking and mobile banking services, and other services with the account on request. Interest is credited at the end of each financial year.
Oct 4, 2024 · The Post Office savings account interest rate is 4% and is fully taxable. However, no TDS is deducted on the same. Under the non-cheque facility, the minimum balance which is required to be maintained is Rs. 50/-
The rate of interest is at a prevailing rate of 5.8% to 6.7%, which ensures a steady return over a long period of time. Post Office RD Explained: How Does It Work? A Post Office Recurring Deposit (RD) is a savings plan where you deposit a fixed amount monthly, starting from ₹500, for a specific tenure, typically ranging from 5 to 10 years.
From 1.4.2014, interest rates are as follows:- 8.4% per annum (quarterly compounded) On maturity INR 10/- account fetches INR 746.53. Can be continued for another 5 years on year to year basis.
