ü 8.4% per annum (quarterly compounded) On
maturity INR 10/- account fetches INR 746.53. Can be continued for
another 5 years on year to year basis.
ü Minimum
INR 10/- per month or any amount in multiples of INR 5/-. No maximum limit.
ü Account can be opened by cash/cheque
and in case of cheque the date of deposit shall be date of presentation of
cheque.
ü Nomination facility is available at
the time of opening and also after opening of account.
ü Account can be transferred from one
post office to another.
ü Any number of accounts can be opened
in any post office.
ü Account can be opened in the name of
minor and a minor of 10 years and above age can open and operate the account.
ü Joint account can be opened by two
adults.
ü Subsequent deposit can be made up to
15th day of next month if 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.
ü If subsequent deposit is not made up
to the prescribed day, a default fee is charged for each default, default fee @
5 paisa for every 5 rupee shall be charged. After 4 regular defaults, the
account becomes discontinued and can be revived in two months but if the same
is not revived within this period, no further deposit can be made.
ü If in any RD account, there is
monthly default(s) the depositor has to first pay the defaulted monthly deposit
with default fee and then pay the current month deposit. This will be
applicable for both CBS and non CBS Post offices.
ü There is rebate on advance deposit
of at least 6 installments. ·
ü Single account can be converted into
Joint and Vice Versa.
ü Minor after attaining majority has
to apply for conversion of the account in his name.
ü One withdrawal upto 50% of the
balance allowed after one year.
ü Full maturity value allowed on R.D.
Accounts restricted to that of INR. 50/- denomination in case of death of
depositor subject to fulfilment of certain conditions.
ü In case of deposits made in RD
accounts by Cheque, date of credit of Cheque into Government accounts shall be
treated as date of deposit.