About Post Office Recurring Deposit (RD)
Post Office RD is a government-backed scheme that allows you to save small amounts monthly for 5 years.
- Interest Rate: 6.7% p.a. (Compounded Quarterly).
- Tenure: 5 Years (60 Months). Can be extended for another 5 years.
- Minimum Investment: ₹100 per month. No maximum limit.
- Loan Facility: Available after 1 year (up to 50% of balance).
- Premature Closure: Allowed after 3 years (but with lower interest).