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Post Office Recurring Deposit Scheme helps the investors especially small investors to form a capital to meet future needs.

Maturity value from time to time (for denomination of Rs. 10/-) :

     A/c opened  01.10.1991 to 01.09.1993......................856.40           (13.5%)
                       02.09.1993 to 31.12.1998..................... 833.40           (12.5%)
                       01.01.1999 to 14.01.2000.................. ...811.15           (11.5%)
                       15.01.2000 to 28.02.2001........              789.60           (10.5%)
                       01.03.2001 to 28.02.2002  ..................  758.53
                       01.03.2002 to 28.03.2003         ........ ....748.49   

                       01.03.2003 onwards               ...............728.90                

  1. Deposit should be made every month within the calendar month. Default fee is chargeable for delayed deposit at :

           0.20 P. pre month of delay, for Rs.10 Dn.
  2. Maximum defaults allowed in an account is four (4). After five defaults the account is treated as  'discontinued'. Discontinued account can be revived by paying defaulted deposits, within two months from the default. If it is not so revived, the account cannot be continued.
  3. For advance deposits, including deposits for current month, rebate is allowed at the rate:

    Denomination Rs.10 advance deposited..........Re.1/-
    Denomination Rs.12 advance deposits :                 4/-
  4. Premature closure is permitted on completion of 3 years from the date of opening.Interest at the rate applicable to savings account from time to time is calculated and paid.
  5. One withdrawal is permitted from the account on completion of one year from the date of opening, on the conditions that :

                i.     At least 12 deposits should have been made.
                ii.    Account should not have been discontinued one.
                iii.   Amount not exceeding 50% of the balance is permitted.
                iv.   Withdrawal may be repaid in one lump or in monthly                         installments.
                v.    Interest is payable at the rate of 15% till the date of repayment.

  1. After maturity of the account, it can be continued for a further period of 5 years with or without further deposits. During this extended period, the account can be closed at any time. Post maturity interest is paid at the prescribed rate.
  2. Under the protected savings scheme, on the death of depositor before maturity of the account, the legal heir is entitled to get full maturity value, subject to the conditions :

          i.   Age of the depositor at the time of opening should be between 18  and 53.
          ii.  Benefit limited to the maturity value of Rs.50/- denomination.
          iii. Account should not have been discontinued as on the date of death.
          iv. At least two years should have been completed.
          v.  At least  24 deposits should have been made.
          vi. For the first 24 months no default or withdrawal should be outstanding.
          vii. Claim should ;be preferred within ONE YEAR from date of death of the depositor.

Recurring Deposit



Maturity Value


Tax Benefit


Maturity value of Dn Rs. 10/- Rs. 728.90

No Maximum Limit

Interest exempted up to Rs. 9000/- along with other such income as per Sec.80L I.T.Act.

Note : Facility for nomination available

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