Post Office RD or Recurring Deposit is a government-backed savings scheme provided by the India Post. RD accounts have lower investment risk and work well to fulfill short-term financial goals. You can open an RD account in the post office either online or offline.
Read moreGuaranteed Tax Savings
Under sec 80C & 10(10D)₹ 1 Crore
Invest 10k Per Month*Zero LTCG Tax
Unlike 10% in Mutual Funds*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Top performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
The Post Office Recurring Deposit Scheme is a mid-term savings scheme where you can park your investments for at least 5 years. It falls under the Post Office Savings Scheme backed by the government of India.
Recurring Deposits are not influenced by the market, are relatively risk-free, and cater to novice investors and those with low-risk appetite. Recurring deposit schemes are best suited if you look to generate wealth steadily over time and earn a fixed income.
At the end of the fixed tenure of the Recurring Deposit, you receive the maturity amount, including the principal and the interest earned. You can also transfer your Recurring Deposit balance from one post office to another.
Disclaimer: All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.
The IPPB (India Post Payments Bank) application was launched in 2018 for fulfilling post office banking requirements online. You can open a bank account via the app and make payments to your Recurring Deposit account. Given below is a step-wise guide to open an RD account online:
If you wish to open your RD account at the post office, these are the steps:
The Department of Posts has made opening a post office RD account online and offline hassle-free for the customers. The internet banking facility of the DOP enables you to enjoy a range of services related to your RD account.
31 Jan 2023
Saving is a primary goal, especially for a middle-class31 Jan 2023
People are dependent on different sources of income for wealth30 Dec 2022
HDFC Bank is India's largest private sector bank and the world's30 Dec 2022
Punjab National Bank (PNB) is the first Swadeshi Bank of IndiaInsurance
Policybazaar Insurance Brokers Private Limited CIN: U74999HR2014PTC053454 Registered Office - Plot No.119, Sector - 44, Gurgaon - 122001, Haryana Tel no. : 0124-4218302 Email ID: enquiry@policybazaar.com
Policybazaar is registered as a Direct Broker | Registration No. 742, Registration Code No. IRDA/ DB 797/ 19, Valid till 09/06/2024, License category- Direct Broker (Life & General)
Visitors are hereby informed that their information submitted on the website may be shared with insurers.Product information is authentic and solely based on the information received from the insurers.
© Copyright 2008-2023 policybazaar.com. All Rights Reserved.
*T&C Applied.