Post Office Recurring Deposit (PORD)

iAbout This Scheme

Post Office Recurring Deposit is a 5-year RD scheme that allows individuals to save a fixed monthly amount and earn interest compounded quarterly. The current interest rate is 6.7% per annum, making it a safe and disciplined savings option for the salaried and working class. The minimum monthly deposit is ₹100 with no upper limit.

🎁Key Benefits

• Interest rate of 6.7% per annum, compounded quarterly
• Minimum monthly deposit of ₹100; no upper limit
• Premature closure allowed after 3 years
• Loan facility up to 50% of balance after 12 months
• Automatic credit of interest to savings account option
• Nomination facility available

✅Eligibility Criteria

• 1
  Any resident Indian individual
• 2
  Joint and minor accounts allowed

📝How to Apply

❓Frequently Asked Questions