5-Year Post Office Recurring Deposit Account
Interest payable, Rates,
Periodicity etc.
Rate of interest 8.40%.
Maturity value of a 5 Years RD account opened on or after 1.4.2012 with monthly
deposit of INR.10/- shall be INR.746.51. Can be continued for another
5 years on year to year basis.
Investment limits and
Denominations
Minimum INR 10/- per month or any amount in multiples of INR 5/-. No maximum
limit.
Salient features including Tax
Rebate
One withdrawal upto 50% of the balance allowed after one year. Full maturity
value allowed on R.D. Accounts restricted to that of INR. 50/- denomination in
case of death of depositor subject to fulfillment of certain conditions. 6 & 12
months advance deposits earn rebate.
0 comments:
Post a Comment