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.
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.
Need Detailed Information?