Post Office Savings Schemes Recurring Deposit

Any individual  (a single adult or two adults jointly) can open an account.      Group Accounts, Institutional Accounts and Misc. account not permissible.     Trust, Regimental Fund or Welfare Fund not permissible to invest.      1 Year, 2 Year, 3 Year and 5 Year TD can be opened.      2, 3 & 5 Year TD Accounts can be closed after one year at a discount.      Rate of interest - 6.25%, 6.50%, 7.25%, 7.5% compounded quarterly for 1,2,3 &5 years TD account respectively    Type of Account Minimum Deposit Maximum Deposit 1,2,3 & 5 Year TD Rs.200/- and in multiples of Rs. 200/- thereafter No limit.