Recurring Deposit (RD) Interest Rates 2024: Recurring deposit is a post office scheme which is also available at banks. The National Savings Recurring Deposit Account, also known as post office RD provides guaranteed returns in the form of 6.7 per cent annual interest rate compounded quarterly. One can have a single or a joint account (up to three adults, Joint A or B), and a guardian on behalf of a minor can also open an account. The post office comes with a 5-year lock-in period, which can be extended for further five years. The minimum monthly deposit amount is Rs 100 or any amount in mutiples of Rs 10. There is no maximum limit to deposit. One can also make advance payments. One can…
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