INSUBCONTINENT EXCLUSIVE:
A depositor can have more than one RD account in his own name or jointly with another.India Post, which operates a network of more than 1.5
These include a five-year recurring deposit account (RD)
At present, the interest rates applicable to all post office saving schemes are reviewed on a quarterly basis
according to India Post's website, indiapost.gov.in
A depositor can have more than one account in his/her own name, or jointly with another person
Subsequent deposit can be made up to 15th day of next month if the account is opened up to 15th of a calendar month, and up to last working
day of next month if account is opened between 16th day and last working day of a calendar month.The amounts deposited are repayable in lump
sum at the end of the period of five years from the date on which the first deposit was made along with interest as prescribed from time to
However, it should be repaid in lump-sum along with interest at the prescribed rate at any time during the currency of the account,
Non-payment of a monthly installment leads to a default
deposit can be made, according to India Post's website
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