How to Pay Post Office Recurring Deposit (RD) Amount Online?

Consider opening an RD in Post Office to grow smart interest on your small deposits. There are many lucrative savings and insurance schemes offered by the Indian post offices.

What is a Post Office Recurring RD Account?

Backed by the Government of India, the post office of India offers 9 amazing saving schemes. Out of these 9 schemes, Recurring Deposit or RD is one of the most risk-free schemes wherein a depositor can deposit a small investment for up to a period of a minimum of 5 years. The minimum deposit per month starts at Rs. 10. To apply for an RD account in an Indian post office, you need to be at least 18 years of age. Those keen to open such an account for a minor can open an account on behalf of the minor ageing 10 years or above.

Features of a Post Office Recurring RD Account

Minimum Restrictions: There are minimal restrictions to deposit in a post office RD account, and you are allowed to deposit a minimum of Rs. 10 per month.

Fixed Rate of Interest: The best thing about opening a post office RD account online is that it has a fixed rate of interest, and the interest is compounded quarterly.

Facility of Nomination: The post office RD scheme allows you to choose a nominee while opening the account.

Joint Operation Allowed: You are allowed to operate a post office RD account jointly. This makes it a perfect choice for minors who can get the account operated by a guardian.

Hassle-free Transfer of Funds: An RD account holder can easily transfer the funds to their savings account from the RD account.

How to Apply for a Post Office RD Account Online?

Register yourself for the post office online services with the following steps:

Step 1: Fill out the application form for online services and submit your KYC documents.

Step 2: Provide your valid mobile number, email ID, and other details.

Step 3: You will receive a verification OTP or code. Once verified, your internet banking will activate within 24 hours.

Step 4: Download the IPPB mobile banking app on your mobile phone.

Step 5: Select the ‘Open your Account now’ option and sign up for an online or digital savings account.

Step 6: Select the ‘Open your Account now’ option and sign up for an online or digital savings account.

Step 7: Your next step is to enter the account number along with the customer ID.

How to Pay RD in Post Office Online?

Anxious to know how to pay post office RD online? Here is a complete step-by-step guide for paying online RD in Post Office:

Step 2: Go to the ‘DOP Products’ section, and choose the ‘Recurring Deposit’ option.

Step 1: Ensure to transfer your funds from your savings bank account to the online IPPB account.

Step 3: Fill in your post office customer ID along with the Recurring Deposit account number.

Step 4: Fill in the amount of RD installment along with its duration.

Step 5: You will receive a payment confirmation notification message after a successful Post Office RD online payment through the IPPB app.

How to do a Post Office RD Account Check Online?

All you need is a good internet service and follow these steps:

Step 1: Visit the India post webpage.

Step 2: Use your user ID to sign in or generate a new user ID with a New User Activation option. For this, enter your account ID along with your customer ID to generate a new user ID.

Step 3: Once you can log in, you can check the summary of your post office RD account and see the account balance.

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