Post Office Scheme: The facility of opening RD account is provided through bank as well as post office. In this, more interest is being given on recurring deposit account than the bank. If you also want to get good returns by saving some money every month, then you can invest in it.

Your money is kept safe by the post office. RD account is also known as Recurring Deposit (Post Office Scheme). If you are also thinking of investing in this scheme, then today we are going to tell you about it in detail.

You will get this much interest

Many schemes are run by the Post Office Scheme and the interest on these schemes keeps changing every three months. Last time the government had increased the interest rates of the Post Office RD Scheme. Due to which 6.70 percent interest rate is being given on 5 year RD scheme.

Earlier, 6.50 percent interest was available on RD account for 5 years. In such a situation, the government had increased this post office scheme by 20 basis points. This increase was made in mid-December 2023.

You can open an account easily

Any citizen can easily open an account in this recurring deposit scheme. For this you will first have to go to your nearest post office. After going there you will have to fill the form to open RD account (Post Office Scheme). And in that how much rupees do you want to open the account like 100, 200, 300, 400, 500 or more. Will have to fill about this.

To open an RD account, you will also have to submit some documents. In which your Aadhar card, PAN card, passport photo, mobile number etc. You can also invest in this scheme by opening an account for your children. In this you have to deposit money every month and after 5 years the money is returned to you with interest.