PPF and RD investors: For information, let us tell you that till now this digital facility was available only for selected savings schemes – Monthly Income Scheme (MIS), Term Deposit (TD), Kisan Vikas Patra (KVP) and National Savings Certificate (NSC).
PPF and RD investors: If you invest in recurring deposits (RD) and Public Provident Fund (PPF), then this news may be useful for you. Actually, the Postal Department has expanded the facility of e-KYC using the biometrics of the depositor. Under this, now RD and PPF schemes have also been included under e-KYC. Earlier, this digital facility was available only for select savings schemes – Monthly Income Scheme (MIS), Term Deposit (TD), Kisan Vikas Patra (KVP) and National Savings Certificate (NSC).
You can open RD and PPF account
According to an order of the Department of Posts dated July 7, 2025, RD and PPF accounts can now be opened and deposits can also be made through e-KYC authentication. Apart from this, RD and PPF loan accounts can be opened and paid. Loans can be repaid in RD and PPF accounts. Withdrawals can be made from PPF accounts (without any limit) using Aadhaar biometrics in post offices.
What is said in the order
The order states that if the depositor wants to transfer money from the post office savings account to open the RD account, the debit account should be a single or joint B type account of the depositor. The order further states- If the account is opened by transferring money from the post office savings account of the depositor, then the withdrawal form (SB-7) will not be taken, as the account is opened through biometric authentication of the depositor.
What is the interest rate of which scheme
Recently, the government has not made any change in the interest rates on various schemes including PPF and NSC for the July-September quarter of the financial year 2025-26. Interest on three-year fixed deposits will remain at 7.1 percent. Interest rates on the popular Public Provident Fund (PPF) and post office savings deposit schemes have also been retained at 7.1 percent and four percent respectively for the second quarter.
The interest rate on Kisan Vikas Patra will remain at 7.5 percent as before and this investment will mature in 115 months. The interest rate on National Savings Certificate (NSC) will remain at 7.7 percent for the July-September quarter. Like the first quarter, in the second quarter also, those investing in Monthly Income Scheme will continue to get 7.4 percent interest.
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