Indian post office also provides banking services in addition to postal services. They have made these services online to make them better.
Indian post office also provides banking services in addition to postal services. These services have been made online to make them better. Let us tell you that there are some schemes for people in the post office that can be opened by opening their account here and making small savings. Post office offers people life insurance, post life insurance, rural life insurance etc. In addition, the Department of Posts works as an agent of the government. In this, Pension Payment and Mahatma Gandhi National Rural Employment Guarantee Scheme are also provided for the elderly.
Now customers can do this work
>> Customers can easily do all their work with the help of internet banking.
>> This will facilitate the transfer of the online fund to 17 million POSB account holders.
>> Also customers can also distribute online transactions.
>> With the help of this portal, customers can open their RD account, TD account and PPF account online.
How to Start Recurring Deposit – RD Account can be opened by the post office, bank or online. You can also open the RD from the mobile app. If you are opening an RD in the post office, you can open it with cash and checks. Your post may be transferred from one post office to another post office. A joint account can also be opened in the name of two adults. Before opening an RD account, look at where the interest is getting. If there is more than 10 thousand interest on RD, then it will be taxable.
- Benefits of RD-
Recovering Deposit Depends on investor’s savings and can invest a fixed amount every month in this.
>> Under the RD lock feature, the interest rate remains the same from beginning to end and the interest rate on the deposit gets locked in the beginning. That is, if the interest rate is low, RD will benefit.
>> Saving management is easy with recurring deposits and often gets relief from fixed deposits.
>> Time Period is fixed at the time of opening an account in RD. On completion of the time period, you get full payment including interest.
>> The specialty of RD is that it has the advantages of fixed deposits with regular investment. Interest is fixed and income is guaranteed, and banks are more likely to get an offer. In RD, money can be collected for a particular goal.
>> RD can be up to 10 years. A long-term investment plan can be made in this.