Post Office RD 2023: Various schemes are being run by the post office. On the other hand, if you want to invest money in a post office scheme for the future, then the Post Office Recurring Deposit (Post Office RD 2023) scheme will suit you best.
In this, customers can get huge amount by investing money. Post Office Recurring Deposit (Post Office RD 2023) scheme is a Small Savings Scheme. A little investment has to be made daily in this. You can start this scheme with a minimum investment of Rs 100. After this, after a fixed time, you will get a fat return.
In this scheme, a person below the age of 18 years can also open an account. Its maturity period is 5 years. Although it can be extended for 5-5 years. Wherein RD facility can be availed for 6 months, 1, 2, 3 years etc. Post Office’s Recurring Deposit (Post Office RD 2023) scheme currently offers interest at 6.2 % per cent.
Important documents of Post Office RD 2023
- Identity proof like PAN Card, Voter ID Card, Aadhaar Card, Driving License, Passport.
- Ration card, electricity bill, PAN card and driving license for proof of address.
- Facilities available in Post Office RD 2023
- In this the account can be extended for 5 years.
- After 1 year, 50% of the investment can be taken as a loan.
Late deposit of money in Post Office RD 2023 will attract penalty
If there is a delay in depositing the installment, then late fee will have to be paid. Late fee will be charged at Re 1 per Rs 100. Now if you deposit Rs 5000 every month, then you will have to pay a late fee of Rs 50 on this. That is, next month you will have to deposit Rs.5050. On the other hand, if you fail to deposit the installment for 4 consecutive times, then you can restart the account within two months.
You may also like
