Tue, Dec 10, 2024
Post Office Fixed Deposit (FD) and Post Office Recurring Deposit (RD) are popular investment options for those who want safe and risk-free returns. These schemes are not linked to the market, so your returns are guaranteed. In FD, one can invest a lump sum amount at once, while in RD, individuals can deposit money every month. Both are great options, but over the long term, Post Office FD tends to give better returns. Let’s understand why FD is a more profitable choice for long-term investments.
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Tue, Jul 02, 2024
A post office RD is one of the most popular savings alternatives to regular fixed deposits and other long-term plans offered by post offices.
Wed, Mar 27, 2024
Though recurring deposit (RD) is primarily a post office scheme that provide guaranteed return, almost all leading public and private sector banks have their own RDs. The interest may vary between 2.50 per cent to 8.50. Senior citizens get up to 1 per cent extra interest rate on RDs. Some of the banks that provide the facility of RD are State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank, Bank of Baroda, PNB, Canara Bank, IDBI Bank, Yes Bank, etc.
Wed, Apr 27, 2022
Start Investing with Rs 100 per month and get good return in Post office Recurring Deposit. The interest rates of RD depend on the tenure of the deposit. A three of five year RD will definitely fetch a higher interest rate. If you want Rs 20.85 lakh after 5 years at an interest rate of 6.8, the investment amount should be Rs 15 lakh over 5 years.
Fri, Mar 18, 2022
Fixed deposits are a classic way of investment. However, due to low rate of interests in FDs, people are now looking for other ways of investments. One of those ways is a recurring deposit. Here is how a recurring deposit differs from a fixed deposit. Watch the video for more
Tue, Feb 22, 2022
Those who are looking for savings option must be aware of the 5-Year Post Office Recurring Deposit Account (RD) from India Post.
Mon, Feb 14, 2022
Post Office's Recurring Deposit (RD) is a good instrument for investment. You can invest minimum Rs 100 and there is no maximum limit. If you invest Rs 10,000 monthly for ten years, you will be able to get more than Rs 16 lakhs. Here's how.
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