5 Year Recurring Deposit (RD)
Interest Rates
Maturity value from time to time (for denomination of Rs.10/):
| Period during which opened | Amount repayable for an account of Rs. 10/- denomination | |
| From | To | |
| 01.10.1991 | 01.09.1993 | 856.40 |
| 02.09.1993 | 31.12.1998 | 833.40 |
| 01.01.1999 | 14.01.2000 | 811.15 |
| 15.01.2000 | 28.02.2001 | 789.60 |
| 01.03.2001 | 28.02.2002 | 758.53 |
| 01.03.2002 | 28.02.2003 | 748.49 |
| 01.03.2003 | onwards | 728.49 |
Features
Minimum amount of Deposit is Rs.10. No maximum limit. Deposit should be made every month within the calendar month. Default fee is chargeable for delayed deposit at 0.20 P. per month of delay, for Rs.10 Dn.
Maximum defaults allowed in an account is four (4). After four defaults the account is treated as ‘discontinued’. Discontinued account can be revived by paying defaulted deposits, within two months from the fifth default. If it is not so revived, the account cannot be continued.
For advance deposits, including deposit for current month, rebate is allowed at the rate:
Denomination Rs.10.
6 advance deposits…….Re.1/-
12 advance deposits: 4/-
Premature closure is permitted on completion of 3 years from the date of opening. Interest is to be calculated as per the rules and rate applicable to individual savings account. at the rate applicable to savings account from time to time is calculated and paid.
One withdrawal is permitted from the account on completion of one year from the date of opening, on the conditions that:
- At least 12 deposits should have been made
- Account should not have been discontinued one.
- Amount not exceeding 50% of the balance.
- Withdrawal may be repaid in one lump or in equal monthly installments.
- Interest is charged at 15%.
After maturity of the account, it can be continued for a further period of 5 years with or without further deposits. During this extended period, the account can be closed at any time. Post maturity interest is paid at the prescribed rate.
Under the protected savings scheme, on the death of depositor before maturity of the account, the legal heir is entitled to get full maturity value, subject to the conditions:
- Age of the depositor at the time of opening should be between 18 and 53
- Benefit limited to the maturity value of Rs.50 denomination
- Account should not have been discontinued as on the date of death
- At least two years should have been completed
- At least 24 deposits should have been made.
- For the first 24 months no default should be outstanding.
- No withdrawal should have been taken during the first 24 months.
Interest earned is exempted as per Section 80L of Income Tax Act. ,
kya new rd ac open karane ke liye photo id prof pan card ya or kis kis ki jarorat hai kripya salah dene ki kripa kare. ………………………………………………………… omshreesaisharnam040966@yahoo.com
pan card is compulsory for opening of 500 = 00 recurring. the rule is different from post to post
please mation R.D rate of intrest for annum,for diposit amoun
The rate of interest earned in this RD account is 7.5% per annum, compounded every 3 months (quarterly).
how much will i get returns after 5 years if i open RD with 1000/- per month
You check out the value by using our online RD calculator at
http://www.investmentkit.com/g…
and advanced RD calculator at
http://www.investmentkit.com/g…
and if your time-horizon is more than 5 years, u can use
http://www.investmentkit.com/g…
Hope it will help you.
Admin
Rate of interest payable on RD continued after 5 years.tell me year wise interest payable say,extended for further period of 1,2,3,4,5years!
On maturity INR 10/- account fetches INR 728.90/-. Can be continued for another 5 years on year to year basis.
Rate of interest 7.5% (quarterly compounded).
Hope it will help you.
Admin
beware of your rd account,you cannot belive this mahila pradan.if we ddint give necessery attention regarding our deposit they will withdraw the money especially if your in abroad.i lost around 10lakhs because the mahila pradan whom i was dealing cheated me by withdrawing my money from my rd account &ofcourse she cheated me with the help of post office staff.I have given a complaint regarding this 8months backin post offioce&all thes time they are still enquiring.they are not serioous even they realised that mahila pradan cheated me&took my money.what ican do am in abroad&i have no time to go there to follwo this
Sorry to hear your loss. Always sign all your documents carefully after reading them and do not give any authority / POA to anyone else. You can get all information of your account from post office in written via RTI. The following link will also help you http://www.moneysavingshelp.co…
Admin
If i open joint a/c with my husband..then we both have to submit our documents or not..
For joint account, both the applicants have to submit all the relevant documents.
Admin
what is the maturity amount of 1000 rs recurring deposit account?
The following calculators will help you.
http://www.investmentkit.com/g…
http://www.investmentkit.com/g…
http://www.investmentkit.com/g…
Admin
u will get 73500/- final ammount
how can i check my RD account balance online?
I loss my passbook tell what is the process to get duplicate pass-book please.
Get in touch with post office with your documents like RD receipts, PAN card etc.
Admin
Give me instructions about 5 year RD-postal office
Monthly Income Scheme (MIS) Rules – Post office
I have lost all details of my current account in post office…can anyone please tell me how can I close my account and get my money back….. I know the branch in which I opend my account….. and I know the address proof I submitted…. will it help.
how can i check my RD account balance online
I want rd death claim table.
To close RD account, what all documents required other than the Passbook?
Will PAN card help.
Thanks for your reply
Sir, can i take any loan from my RD a/c. Or is their any other process to get some money
You can encash it before maturity. he interest rate applicable will be that which is prevailing at that time.
Admin
SAS agent sidhi m p.
How much will I get returns after 5 years if I open RD with Rs.600/- per month.
Check here http://www.investmentkit.com/government/rd-calculator.shtml
Admin
How much will i get returns after 5 years if i open RD with Rs.600/- per month
Check here http://www.investmentkit.com/government/rd-calculator.shtml
Admin
I HAVE ONE RD ACCOUNT FOR 5 YEARS IN KAMALAPURA OFFICE, HOSPET TALUK, KARNATAKA PIN 583221. CAN I CHECK MY BALANCE ONLINE.
can a cheque under PRSS scheme can be dopsit in post office and date of deposit wiil be the date of presentation / clearance of cheque please confirm.