In this, customers can get huge amount by investing money. Post Office Recurring Deposit (Post Office RD 2023) scheme is a Small Savings Scheme. A little investment has to be made daily in this. You can start this scheme with a minimum investment of Rs 100. After this, after a fixed time, you will get a fat return.

In this scheme, a person below the age of 18 years can also open an account. Its maturity period is 5 years. Although it can be extended for 5-5 years. Wherein RD facility can be availed for 6 months, 1, 2, 3 years etc. Post Office’s Recurring Deposit (Post Office RD 2023) scheme currently offers interest at 6.2​ % per cent.

Important documents of Post Office RD 2023

• Identity proof like PAN Card, Voter ID Card, Aadhaar Card, Driving License, Passport.
• Ration card, electricity bill, PAN card and driving license for proof of address.
• Facilities available in Post Office RD 2023
• In this the account can be extended for 5 years.
• After 1 year, 50% of the investment can be taken as a loan.

Late deposit of money in Post Office RD 2023 will attract penalty

If there is a delay in depositing the installment, then late fee will have to be paid. Late fee will be charged at Re 1 per Rs 100. Now if you deposit Rs 5000 every month, then you will have to pay a late fee of Rs 50 on this. That is, next month you will have to deposit Rs.5050. On the other hand, if you fail to deposit the installment for 4 consecutive times, then you can restart the account within two months.

You may also like

The post Post Office RD 2023: Post office put 100 rupees in this scheme, you will get full 5 lakhs in a few years first appeared on Rightsofemployees.com.