ReadyReckoner
5 Years Recurring Deposit:
1. Can be opened in multiple of Rs.5/- subject to a minimum of Rs.10/-
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2. A depositor can open more than one account in his name or jointly in the same Post Office
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Deposit by Cheque : Date of presentation is the date of deposit
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3. The depositor may extend the maturity period by as many months as the number of defaults and deposit the defaulted installments if there are not more than four defaults in monthly deposits.
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4. In case of more than four defaults, the account can be revived within a period of two months from the month of fifth default failing which it will be treated as discontinued.
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5. Default fine : 10 paise for every 5 rupees per month
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6.Rebate: No rebate for less than 6 months
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7. Premature closure : After three years from the date of opening. Simple interest at the rate applicable from time to time to P O S B Account shall be payable.
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8. Maturity Value of Discontinued RD Account - Simple interest at the rate applicable from time to time to P O S B Account on the amount deposited from the date of maturity till date of payment shall be paid.
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9.
Maturity Value of R D Account retained after 10 years : PMI shall be
payable at the rate applicable from time to time to P O S B Account
from the date of maturity to date of payment.
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10 : Only one withdrawal not exceeding 50% of the deposits made is allowed during the currency of one R D Account after one year of operation with 12 monthly deposits if it has not become discontinued .
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11. Maturity Value : ( For Rs.10 denomination )
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R D Account opened in between 01.03.2003 and 30.11.2011
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R D Account opened on or after 01.12.2011
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728.90
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738.62
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12. Amount inclusive of interest payable on a R D Account of Rs.10 denomination if continued after maturity period of 5 years
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Year
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Opened in between 01.03.2003 and 30.11.2011
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Opened on or after 01.12.2011
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With
Monthly Deposit
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Without
Monthly Deposit
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With
Monthly Deposit
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Without
Monthly Deposit
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One
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910.08
|
785.15
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924.80
|
799.50
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Two
|
1105.24
|
845.69
|
1126.32
|
865.41
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Three
|
1315.45
|
910.62
|
1344.46
|
936.75
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Four
|
1541.87
|
981.18
|
1580.58
|
1013.97
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Five
|
1785.76
|
1056.87
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1836.17
|
1097.55
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13. Amount Payable to legal heir or nominee on death of a depositor on a R D Account of Rs.10 denomination
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No. of deposits made
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Opened in between 01.03.2003 and 30.11.2011
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Opened on or after 01.12.2011
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No. of deposits made
|
Opened in between 01.03.2003 and 30.11.2011
|
Opened on or after 01.12.2011
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1 to 11
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Deposits made
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Deposits made
|
36
|
402.95
|
406.44
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12
|
124.12
|
125.09
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37
|
415.43
|
420.48
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13
|
134.81
|
135.95
|
38
|
427.98
|
433.33
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14
|
145.56
|
146.88
|
39
|
440.61
|
446.27
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15
|
156.37
|
157.88
|
40
|
453.32
|
459.29
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16
|
167.23
|
168.95
|
41
|
466.10
|
472.40
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17
|
178.15
|
180.09
|
42
|
478.96
|
485.59
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18
|
189.13
|
191.31
|
43
|
491.90
|
498.88
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19
|
200.16
|
202.59
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44
|
504.91
|
512.25
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20
|
211.25
|
213.95
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45
|
518.00
|
525.70
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21
|
222.39
|
225.37
|
46
|
531.18
|
539.25
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22
|
233.60
|
236.87
|
47
|
544.43
|
552.89
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23
|
244.86
|
248.45
|
48
|
560.69
|
566.62
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24
|
256.85
|
260.10
|
49
|
574.24
|
580.44
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25
|
268.29
|
272.12
|
50
|
587.86
|
594.35
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26
|
279.79
|
283.94
|
51
|
601.58
|
608.35
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27
|
291.35
|
295.84
|
52
|
615.38
|
622.44
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28
|
302.97
|
307.81
|
53
|
629.26
|
636.63
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29
|
314.66
|
319.86
|
54
|
643.23
|
650.92
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30
|
326.41
|
331.99
|
55
|
657.29
|
665.29
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31
|
338.22
|
344.20
|
56
|
671.43
|
679.76
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32
|
350.10
|
356.49
|
57
|
685.67
|
694.33
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33
|
362.04
|
368.86
|
58
|
699.99
|
709.00
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34
|
374.04
|
381.30
|
59
|
714.40
|
723.76
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35
|
386.11
|
393.83
|
60
|
728.90
|
738.62
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Compiled by : Bruhaspati Samal, Secretary, AIPEU, Gr.-C, Bhubaneswar Division and Postmaster, Sahidnagar MDG, Bhubaneswar – 751 007
