Post Office Scheme: You can get 3 lakh 56 thousand rupees in a very short time by depositing only ₹ 2000. If you want to save for your future then RD in post office is a good option for you. You get better interest rates in post office as compared to banks.
Where can I open a post office RD account?
RD means Record Deposit, it is a small savings scheme which you can open in post office as well as banks.
This is a very effective way through which you can deposit money regularly and increase your savings.
Post Office ID is valid for 5 years i.e. you cannot withdraw your deposit for 5 years, then you can extend it for the next 5 years.
This increases your savings even more. However, this period has to be increased every year i.e. every year you have to add a certain amount to your deposit.
