Characteristics of Post Office Recurring Deposits

For how long do you need to invest?

In a post office RD, you can only invest for a period of five years. After completing five years of maturity, you can renew your post office RD for next five years.

Where can you find post office recurring deposits to invest in?

Post office recurring deposits are offered by all post offices offering banking services.

What are the interest rates offered by Recurring Deposits?

All post offices offer Recurring Deposits at the interest rate of 6.5% per annum (as of July 2023). Since there is only one investment tenure (investment period) for RD, which is five years, there are no other interest rates.

What is the minimum amount you can invest every month?

The minimum monthly investment is ₹100/- per month or any amount in multiples of ₹10/-.

Are there any additional returns for the Senior Citizens?

No, interest rates for senior citizens are the same as for others.

Sounds interesting, isn’t it?

Keep scrolling to learn more about post office recurring deposits.

What are the features of recurring deposits?

Same interest rates across post offices
Only one investment tenure or duration is available
Can be found at any post office
Low risk, regular investment
Can be renewed for five years after maturity
Premature withdrawal less than bank RD

What are the benefits of recurring deposits?

Can invest money in the form of cash or cheque
Good for small and regular savings
Low risk
Can take ‘loan against post office RD’ after at least 12 deposits (instalments) complete a year
Can be found at any post office
Same interest rate across branches
Minimum deposit ₹100/- per month or any amount in multiples of ₹10/-

To track your progress