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National Savings Recurring Deposit Account (RD) is a systemic savings plan offered by India Post.

Highlights of Post Office 5-year RD

  • Total tenure of 5 years or 60 months
  • Minimum investment of Rs.100 and in multiples of Rs.10 thereof. No limit on the maximum amount
  • As of 01.04.2020, the annual interest rate is at 5.8%
  • One person can open any number of accounts

How to open National Savings Recurring Deposit Account?

It can be opened at your nearest post office. You can make the initial investment in cash or cheque.

Who can open it?

It can be opened by – 

  • a single adult
  • Joint Account (up to 3 adults)
  • a guardian on behalf of the minor
  • a guardian on behalf of a person of unsound mind
  • a minor above 10 years in his own name

What happens when the RD matures?

Upon maturity, the proceeds shall be credited to your Post Office SB Account. You need to submit a form to the post office to that effect.

Premature Withdrawal

  • Premature closure is allowed after 3 years of account opening
  • Only Post Office savings account interest rate will apply if the account is closed prematurely


  • If you have made 12 instalment payments, you can get a loan of up to 50% of the total balance on the account.
  • The loan can be repaid in one lump sum or in equated monthly instalments.
  • The loan interest rate will be 2% plus the RD interest rate applied to the RD account.
  • If the loan is not repaid by the maturity date, the loan plus interest will be deducted from the RD account's maturity value.
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