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How To Open An RD in A Post Office?

Published On Dec 28, 2021 11:00 AM By InsuranceDekho

Investors save little amounts of money on a monthly basis. Investments in this post office savings scheme qualify for a tax credit under Section 80C of the Income Tax Act of 1961. As a result, investors who desire to save on a regular basis should consider this post office plan. Individuals looking for a tax break on their investment should examine this option as well.

The current yearly interest rate is 5.8%, and the money will be paid in one lump payment when the loan matures. The maturity amount from a post office recurring deposit investment can be calculated using a post office recurring deposit calculator. To estimate the returns on post office recurring deposit accounts, utilise Scripbox's post office recurring deposit calculator.

The Indian Post offers the Post Office RD, a government-backed savings plan. This article walks you through creating a Post Office RD login, making an online payment, and checking the amount of your RD account online.

How do I access my Post Office RD Account?

To create a Post Office RD login, users must first register for online Post Office services or internet banking. To join up for online banking, follow the steps below: 

  • Visit a local post office location if you have a valid and active savings 'B' account there
  • The next step is to fill out a pre-printed application form and mail it along with any required documentation.
  • The next day, the Department of Posts (DOP) would debut its internet banking service. With the confirmation, an SMS will be sent to the phone number provided.

The following are the prerequisites for beginning an online Post Office Investments business:

KYC documents for a valid and active savings account For Post Office ATM or Debit Card, provide an email address and a phone number. Here's how to make an online deposit to your RD account:

The India Post Payments Bank (IPPB) app can be downloaded now. Use the app to open a savings account at the post office: Complete the required fields, such as your cell phone number and PAN card number. 

  • Enter your Aadhaar number and an OTP to verify your identity.
  • Submit your application using the online application form. Fill in the blanks with the following information:
  • Identifying Particulars
  • PAN and contact details
  • Information on the Nominee
  • Additional Information
  • Details about the account
  • After all of the information is input and the form is submitted, the post office savings account is created. A customer ID and an account number have been created.
  • Customers can now generate an m-pin using their customer ID, account number, date of birth, and mobile number to log into the app.
  • Now open the app and go to the menu tab and select the 'Send Money' item. By clicking on 'DOP Products' under this menu, you can deposit money into your recurring deposit, PPF, or Sukanya Samriddhi account.


A three-month minimum lock-in period is also included in this post office savings plan. Furthermore, premature withdrawals made within three months of account opening are not charged interest. To the RD account holder, only the principal will be paid.

The post office does not withhold TDS on interest earned from a recurrent deposit. However, interest income is taxed in the hands of the investor. The individual's marginal rate of income taxation is applied to interest income.

Also read: Fixed Deposits (FD) Or Recurring Deposits (RD) Which Is Better?

Type Of Invest Plans In India

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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