Post Office Recurring Deposit Scheme Review

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

Applicant must be a citizen of India

The current interest rate in this is 5.8%

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

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

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

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

Account can be opened both online and offline in the scheme