RD Account Balance Check 2023: The Post Office offers a government-backed savings scheme known as the Post Office Recurring Deposit. Under section 80C of the Income Tax Act of 1961, this Post Office Savings Scheme (Post Office Saving Scheme) Contribution is tax deductible! This post office RD scheme is suitable for investors who want higher returns than bank FDs and also claim tax benefits on their monthly deposits!
RD Account Balance Check 2023
Unlike RDS in banks, which usually have a period of 6 to 10 years, post office (Post Office) RDS has a fixed tenure of 5 years. Government of India has fixed RD interest rates for small savings schemes till April 27, 2021! Interest rate in 5-year RD scheme, for three months ending September, 2021 (RD Scheme Interest Rate) It is 5.8 percent! The minimum deposit required for Post Office Recurring Deposit Account is Rs 100 per month, or any amount in multiples of Rs 10 per month, with no maximum deposit limit.
Post Office RD Interest Rates (Post Office RD Interest Rate)
|Regular Monthly Deposit||Rs 100 (minimum)|
|Rate of interest||5.8% per annum|
|Total savings||depends on the investment amount|
|net interest earned||depends on the investment amount|
must register first
Person Post Office Internet Banking (Post Office Internet Banking) Need to register first for the service to generate RD login credentials! Click here to register for Internet Banking! Here’s how you can generate, submit Post Office RD login credentials and check balance online!
Eligibility Criteria for Post Office Recurring Deposit
The following will be the primary eligibility criteria for opening an RD account in the post office! The applicant must be an Indian citizen and must be above 18 years of age. Minors whose age is more than 10 years! Recurring deposit on behalf of parent/guardian of minor (Recurring Deposit) You can open an account! For Minors, RD Account (Post Office RD Account) To be held jointly by the guardian or parents and for applicants above 18 years of age, the account shall be in the name of the primary applicant.
How to deposit online in post office RD account? – Post office RD Account Deposit
Through India Post Payments Bank (IPPB) application, you can access Post Office RD (Post Office RD) You can deposit online! This app allows you to transfer your monthly RD installment online to your RD account! To transfer money through IPPB account to your Post Office Recurring Deposit Account, follow the steps given below!
- First of all, you need to add or transfer funds from your bank account to IPPB account.
- Now go to the ‘DOP or Department of Post Products’ section and select Recurring Deposit (Post Office Recurring Deposit) Choose!
- Now enter your RD Account Number and DOP Customer ID!
- Enter the installment amount and installment period.
- Once the payment is done successfully, the IPPB app will notify you.
How to do balance check (RD Account Balance Check)
post office rd account balance (Post Office RD Account Balance) To check online, you need to login to India Post’s e-banking portal. People having Post Office RD Account (Post Office RD Account) can now access their account! You can use India Post’s e-banking platform to access online! First of all go to its official website https://ebanking.indiapost.gov.in.
And enter your User ID and Login Password. Now an OTP will come on your registered mobile number. Enter the OTP in the required space, verify it and click on Continue! Now you will be redirected to your account dashboard. Where you can check the balance of your Recurring Deposit Account!
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