Recurring deposit rate of interest in post office

12 Nov 2019 One such savings scheme offered by India Post is recurring deposit or RD account. The recurring deposit account offers an interest rate of 7.2 per  14 Feb 2020 Post office monthly income scheme- POMIS is an investment plan by Indian At an annual interest rate of 8.5%, he should get a fixed payout of Rs 708 The investor has the option of combining it with a recurring deposit 

To open an account in Small Savings Schemes viz Savings Account (SB), Recurring Deposit (RD), Time Deposit (TD), Monthly Income Scheme (MIS), Senior Citizen Savings Scheme (SCSS)submit Account Opening Form (AOF) duly filled in with KYC documents and deposit slip(SB 103) in desired Post Office. What is silent account and how to revive it? Post Office Recurring Deposit. Post office RD is basically a monthly investment for a fixed period of 5 years with a interest rate of 7.2% per annum (compounded quarterly). On completion of the fixed tenure of five years, RD account with Rs. 10,000 invested every month will fetch you Rs. 7,25,051. Post Office Recurring Deposit Interest Rates. The PORD interest rate in Q2 FY 2018-19 is 6.9% with the revised rate of 7.3% applicable in Q3 FY 2018-19. The following are the historical 5 Year Post Office Recurring Deposit Interest Rates*. Post office Recurring Deposits have become the most preferred instruments when compared to banks. One of the reasons behind its popularity is the attractive interest rate one can earn on them and a great profit upon maturity. Post Office Recurring Deposit Interest Rate History: Post Offices started offering recurring deposits from 1987 and the table below gives the interest rate since then for different tenures. The highest interest ever offered was 13.5% for 5 years RD from 1 st October 1991 to 1 st September 1993. Recurring deposit schemes: SBI vs Post Office RD rates compared SBI RD interest rates vary between 6.4% and 6.85 % for regular customers whereas Post Office RDs offer quite high interest rate The recurring deposit account offers an interest rate of 7.2 per cent per annum, compounded quarterly, according to India Post's website- indiapost.gov.in. Here are key things to know about post

14 Feb 2020 Post office monthly income scheme- POMIS is an investment plan by Indian At an annual interest rate of 8.5%, he should get a fixed payout of Rs 708 The investor has the option of combining it with a recurring deposit 

Post office deposit schemes' interest rates Post office recurring deposits (RD) To invest small fixed amounts of money at regular intervals, one can open a 5-year RD account with the post office. There is no limit on the number of accounts that can be opened. There is a default fee of Rs 0.05 for every Rs 5 of deposit. Higher Rate of Interest: Post Office Time Deposits offer relatively higher rate of interest. Currently, the rate of interest varies from 6.9% to 7.3%. Liquidity: Post office Time Deposits have a deposit lock-in period. To open an account in Small Savings Schemes viz Savings Account (SB), Recurring Deposit (RD), Time Deposit (TD), Monthly Income Scheme (MIS), Senior Citizen Savings Scheme (SCSS)submit Account Opening Form (AOF) duly filled in with KYC documents and deposit slip(SB 103) in desired Post Office. What is silent account and how to revive it? Post Office Recurring Deposit. Post office RD is basically a monthly investment for a fixed period of 5 years with a interest rate of 7.2% per annum (compounded quarterly). On completion of the fixed tenure of five years, RD account with Rs. 10,000 invested every month will fetch you Rs. 7,25,051. Post Office Recurring Deposit Interest Rates. The PORD interest rate in Q2 FY 2018-19 is 6.9% with the revised rate of 7.3% applicable in Q3 FY 2018-19. The following are the historical 5 Year Post Office Recurring Deposit Interest Rates*.

Returns: The PO RD offer a fixed rate of interest, currently at 8 %pa compounded qtr. Tax Considerations: Interest is liable to tax however there is No TDS from 

30 Dec 2019 Post office RD is basically a monthly investment for a fixed period of 5 years with a interest rate of 7.2% per annum (compounded quarterly). Post office recurring deposit can be opened with minimum amount of Rs. 10. Check and compare best RD rates online; Expense of up to Rs. 1 lakh incurred on  The rate of interest offered on the RD scheme in post office in 2019 is 7.2% p.a. Such interest rate makes it one of the most preferred investment options available .

Post office deposit schemes' interest rates Post office recurring deposits (RD) To invest small fixed amounts of money at regular intervals, one can open a 5-year RD account with the post office. There is no limit on the number of accounts that can be opened. There is a default fee of Rs 0.05 for every Rs 5 of deposit.

RD - Get high returns on Recurring Deposit account by making small investments . Click here to check best RD interest rates and apply online at DHFL. Use our RD calculator to calculate interest rate and maturity value of your recurring deposit. Find out how much you can save by making regular monthly  People from rural and semi-urban areas generally invest in Post Office RD accounts and gain a high rate of interest on their investments. Learn more about the  Returns: The PO RD offer a fixed rate of interest, currently at 8 %pa compounded qtr. Tax Considerations: Interest is liable to tax however there is No TDS from  A recurring deposit is the most popular way of saving money regularly for a guaranteed interest rate. Read on to find out the advantages and benefits of RD. Recurring Deposit (RD) Calculator by Axis Bank helps you calculate the maturity banks (includes fixed deposits) and post offices from Rs 10,000 to Rs 50,000.

To open an account in Small Savings Schemes viz Savings Account (SB), Recurring Deposit (RD), Time Deposit (TD), Monthly Income Scheme (MIS), Senior Citizen Savings Scheme (SCSS)submit Account Opening Form (AOF) duly filled in with KYC documents and deposit slip(SB 103) in desired Post Office. What is silent account and how to revive it?

When investing in a Fixed Deposit, the amount you deposit earns interest as per the prevailing FD interest rate. This interest keeps compounding over time, and  RD - Get high returns on Recurring Deposit account by making small investments . Click here to check best RD interest rates and apply online at DHFL. Use our RD calculator to calculate interest rate and maturity value of your recurring deposit. Find out how much you can save by making regular monthly 

Recurring Deposit (RD) Calculator by Axis Bank helps you calculate the maturity banks (includes fixed deposits) and post offices from Rs 10,000 to Rs 50,000. 2 Oct 2019 While most of the public sector banks are offering an interest rate up to 7% on RDs, post office RD provides an interest of 7.2% The interest rates are revised periodically, with a Post Office RD currently earning an interest of 7.2% per annum. The interest is compounded every quarter, which ensures that a sum of money multiplies by the time it matures. Note: The interest rate mentioned above is valid as of 01 July 2019.