Jul 25, 2010

Investment in Post Office Recurring Deposit

      Any individual (a single adult or two adults jointly) can open an account.
      Advance Deposits earn rebate.
      Four defaults are allowed.
      Defaults can be paid within two months.
      Part withdrawal facility available.
      Premature closure allowed after three years.
      Pay Roll Savings Scheme is also available for employees of various Establishments.
  Type of Account    Individual Account
 Minimum Deposit   INR. 10/- and in multiples of INR. 5/- thereafter 
 Maximum Deposit  No limit.
 

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