Post Office Recurring Deposit Scheme Review

You can save huge funds with a small investment in the Post Office Recurring Deposit Scheme.

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Applicant must be a citizen of India

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The current interest rate in this is 5.8%

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There is a minimum investment of Rs 100 and no maximum limit

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The account should be 1 year old to take loan in this scheme.

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The loan rate will be 2% more than the RD rate

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In this scheme, a penalty of Re 1 has to be paid on Rs 100.

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Account can be opened both online and offline in the scheme

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