Post Office Recurring Deposit (RD): From interest rates to late payment charges, here are all details
The most popular one is a five-year recurring deposit account (RD), that offers you a interest of 7.20 per cent, according to India Post's website, indiapost.gov.in. While the interest rates rate subject to change quarterly, while the govt has just reduced the interest rates applicable to small savings schemes by 10 basis points.
To open a five-year recurring deposit account, a minimum investment of Rs 10 per month is required to be invested. Reuters