Post office RD and TD, in plain words
How recurring and time deposits work, and what to check first.
RD: you deposit a fixed amount every month for a fixed time.
TD: you deposit once for a fixed time.
Interest rates are revised from time to time. Always check the current India Post rate on the day you open the account, and keep the passbook / receipt safe.
Why it works this way
- RD builds a habit. TD locks money once.
- Rates change, so the guide never promises a fixed rate.
Common mistakes
- Assuming an old rate still applies.
- Missing a monthly RD deposit without checking the penalty.
Can I open RD and TD online? It depends on the post office and your account type.
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