Post Office RD Scheme: Post Office Recurring Deposit Scheme 2025 is a safe and guaranteed savings scheme operated by the Indian Postal Department. This scheme is ideal for those who want to accumulate wealth for the future by saving small amounts regularly. In this scheme, investors have to deposit a fixed amount every month, which matures with interest in a period of 5 years.
The most special thing about this scheme is that one can start investing in it with a minimum of ₹ 100 and the interest rate is compounded on a quarterly basis. Currently, the Post Office RD scheme is getting interest at the rate of 6.7% per annum.
What is Post Office RD Scheme?
The Post Office RD scheme is a government savings scheme, in which investors deposit a fixed amount every month. This scheme is extremely beneficial for individuals with regular income, as it gives an opportunity to convert small savings into large funds. The duration of this scheme is 5 years and on maturity the investor gets the deposit amount as well as interest.
Key Features
- High Interest Rate: Currently interest rate of 6.7% per annum compounded quarterly.
- Flexible Deposit Amount: Any amount can be deposited starting from a minimum of ₹100.
- Government Guarantee: Fully secured and guaranteed returns.
- Loan Facility: Loan can be availed up to 50% of the deposit amount.
- Premature Closure Option: Account can be closed after 3 years.
- Nomination Facility: Easy claim process in case of death of the account holder.
Documents Required
- Identity Proof
- Address Proof
- Passport Size Photograph
- Nomination Form
- How to Open a Post Office RD Account?
- Visit the nearest post office.
- Get and fill the RD account opening form.
- Attach the required documents.
- Deposit the first installment
- Get the passbook.