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Post Office Recurring Deposit News
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Post Office RD also offers higher interest rates.
The advantages of this scheme are that the minimum investment is as little as Rs 100, and there is no maximum investment limit.
This strategy, which has an interest rate of 5.8 percent, is one of the more popular options.
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The Post Office RD Deposit Account is a government-backed scheme that allows you to deposit modest amounts of money and earn a higher interest rate.
You can start investing with as little as Rs 100.
This scheme's account will be open for five years.
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The 5.5% interest rate is being offered to 1 year to 3 years time deposit (TD) of the post office and if you invest in it, then your money will double in about 13 years.
The 5.8 percent interest on the Post Office Recurring Deposit (RD) is being offered, if the money is invested and it will double in about 12 years.
The 6.6 percent interest is given on the Post Office Monthly Income Scheme (MIS) if the money is invested and it will double in about 10 years.
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