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

Min Age

10 years

🤖

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📝How to Apply

1

Visit Post Office

Visit nearest post office branch.

2

Fill RD Form

Complete AOF-1 or RD account opening form.

3

First Deposit

Pay first monthly installment of minimum ₹100.

❓Frequently Asked Questions

What is the minimum amount for Post Office RD?

The minimum deposit is ₹100 per month (in multiples of ₹10). There is no upper limit.

What is the interest rate on Post Office RD?

Post Office RD earns 6.7% per annum (compounded quarterly). Rates are notified quarterly by the government.