– Interest rate: 6.7% per annum –  – Compounded quarterly for better returns –  – One of the safest investment options!

– Monthly Deposit: ₹1,000 – Total Deposit: ₹60,000 – Interest Earned: ₹11,365.83 – Maturity Amount: ₹71,365.83

– No withdrawal before 3 years – After 3 years, savings account interest applies – After 5 years, full amount is paid without penalty – You can extend RD beyond 5 years

– FD in the post office is called Time Deposit (TD) – Choose from 1, 2, 3, or 5-year deposits – Fixed interest rate based on tenure

– 5-year TD offers the highest interest rate – Eligible for tax deduction under Section 80C – Safe & government-backed investment

Nominee can claim the RD amount – Or, legal heirs can continue RD till maturity – Claim process is simple at the post office