Post Office RD Balance: If you have opened your RD account under post office then you can check its balance online also. Here you can understand its complete process.
Post Office RD Account Balance: On behalf of Indian Post, customers are given the benefit of many schemes. One of the most popular schemes is that of Post Office RD. Under this scheme, the money of the customers remains safe but at the same time you also get the benefit of compounding interest. Like other schemes, this scheme can also be availed online. That is, you can open RD scheme online. RD can login. You can pay it online and if you want, you can also check the balance.
How to do RD Login?
When you do not login your RD online, you cannot do anything online. For Post Office RD login, you have to first register for Post Office Online Services and Internet Banking.
Register like this
Visit the branch office of the post office and open a savings B post office account here
A form has to be filled to login Post Office RD. Provide all the information requested
Next post department will generate your internet banking. Its confirmation message will come on the mobile phone.
After registering for Internet Banking, an SMS will be sent to your mobile number, in which a link will be given. You have to click on the URL of this link. Now you will be transferred to the page of DoP Internet Banking.
How to generate your ID and Password?
Click on New User Activation to generate ID and Password. Provide your name, email, mobile number, customer ID and account ID. Now configure login and password. Some questions related to security will be asked, definitely answer them. After configuration the ID will be generated. Next time login after this ID (RD ID)
How to Check Balance (RD Balance)?
- First of all, open the webpage of India Post and login, from
- here you can get the RD account summary, account balance and information related to it, you can
- also get information about the loan available on RD, you can also get the details
related to TDS on - any particular RD account. and also repay the loan installment taken on that account
5.8 percent over interestÂ
is the same as the account Fixed Deposit of the Post Office, but when you invest in it, then it gets easier over FD. Although in Fixed Deposit you have to deposit all the money at once, but in Post Office Recurring Deposit you can earn interest by investing a perfect amount every month. If you have deposited money in this account, then you will get interest around 5.8%.
This interest gets added every third month by way of compounding amount. Let us tell you that this scheme of Post Office is not linked to the market, due to which there is no risk regarding returns in it. Your money will never sink in this, you can invest your money without worry.
Have to pay at least 100 rupees every month
The post office gives you interest in the Recurring Deposit account according to compounding. It means that the more time is there, the more benefit is received. In such a situation, if you want the benefit, then try to invest in it for a longer period of time. Apart from this, you can also open an account in the Post Office by investing at least 100 rupees every month. On the other hand, if you want to deposit money for more than this, then multiply it by 10. There is no limit on the maximum amount deposited.
How did 10 thousand rupees become more than 16,00,000?
You have to invest in this scheme for 10 years. 10 thousand will have to be invested every month, that too for 10 years, that is, if you look at the calculation, then according to 10 thousand rupees every month for 10 years on Recurring Deposit, your total investment will be 12 lakh rupees. On this, you will get Rs 16,26,476 at the rate of 5.8% interest in 10 years.
If you cannot deposit 10 thousand rupees every month, then even by depositing 3000 rupees every month, you can make it more than 5 lakhs in 10 years.
