hwaculture.blogg.se - Post office mis interest rate calculator

The minimum amount required to open an RD account with the post office is Rs.100.

A National Savings Recurring Deposit Account can be opened even by minors aged 10 years or above.

Read about: Post Office Recurring Deposit Rates Key Features of Post Office RD The rate of interest on a National Savings Recurring Deposit Account is 5.8% with effect from 1st April 2020.

Those opening an RD with any post office can use the RD calculator of the post office to assess their maturity amount. One of these is the National Savings Recurring Deposit Account scheme. India Post offers banking and remittance products and schemes. It is also operated by the Department of Posts and is a government-owned public sector bank. In 2018, the India Post Payments Bank (IPPB) was launched by the Government of India. The organization has the most widely spread postal distribution system in the world with more than 1.55 Lakh post offices. India Post, operated by the Department of Posts, was established in 1854 and is headquartered in New Delhi.

The calculator shows the results instantly and is free to use. With this online tool, individuals only need to enter the deposit amount, rate of interest, and tenure for the calculation of their maturity amount. The Post office RD calculator enables depositors to quickly calculate their returns or maturity amount generated from Recurring Deposit accounts with the post office.