Minimum Deposit
Min ₹100 per month (in multiples of ₹10)
Maximum Deposit
No Maximum Limit
Scheme Tenure
5 Years (60 Monthly Installments)
Tax Status
Taxable (No TDS deducted)
Official Rules & Key Features
- Compounding Frequency: Interest is compounded quarterly, providing higher effective annual yields.
- Advance Deposit Rebate: Rebate of ₹10 for 6 months advance deposit and ₹40 for 12 months advance deposit of ₹100 denomination.
- Loan Facility: Up to 50% of the balance accumulated after 1 year (12 installments) can be taken as a loan.
- Extension: Can be extended for another 5 years after maturity on a year-to-year basis.
- Default Fine: ₹1 for every ₹100 denomination for monthly installment defaults.
Eligibility & Who Can Open Account
- Single adult or Joint Account (up to 3 adults).
- Guardian on behalf of minor/person of unsound mind.
- Minor above 10 years in their own name.
Taxation Rules
Interest income is added to total annual income and taxed according to the investor's tax slab. No TDS is deducted at source.
Premature Closure
Premature closure allowed after 3 years from the date of account opening at Post Office Savings Account interest rate (4.0%).
Required KYC & Verification Documents
Aadhaar Card, PAN Card, 2 passport size photographs, and address proof.
Calculate Returns
Estimate exact maturity yield, monthly interest payout, or premium quotes for 5-Year Post Office Recurring Deposit Account (RD).
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