Friday, July 15, 2011

What is Post office Recurring Deposit Account (RDA)?

A Post-Office Recurring Deposit Account (RDA) is a  banking service offered by Department of post, Government of India at all post office counters in the country. The scheme is meant for investors who want to deposit a fixed amount every month, in order to get a lump sum after five years. The scheme, a systematic way for long term savings, is one of the best investment option for the low income groups. 


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