Would I need to visit Post Office every-time to deposit money in Postal RD ?

POSTED BY pnnaik ON April 30, 2014 9:50 pm COMMENTS (7)

Dear Sir,

If I want to invest and this montly amount I want to deposit in RD should I need to visit Post Office to deposit this amount RD?

Kindly advise,

PN

7 replies on this article “Would I need to visit Post Office every-time to deposit money in Postal RD ?”

  1. ashalanshu says:

    Dear Pnnaik, the MIS money ‘ll come to you through a bank cheque, which you need to deposit in your SB account. Rest I hope you can do on your own.

    Thanks

    Ashal

  2. ashalanshu says:

    Dear Pnnaik, your closing comments please.

    Thanks

    Ashal

    1. pnnaik says:

      I Thank you all for your kind reply. I wish to invest Lump sump amount In Post MIS. Now as per yor advise I should go for Bank RD. So need to receive this MIS amount in My bank account. Is there any facility in post so that they deposit MIS amount in my bank account.

      I donot have regular access to internet so delay in reply. Thanks again.

      Kindly advise,
      Regards,
      PN

  3. rockingguy says:

    Better go with Bank RD’s as others have suggested. Post Office don’t have net banking facility available yet

    These days, most banks allow you to create RD online – in just few mouse clicks

    ICICI Bank offers flexible goal based RD (iWish). If you have net banking access, then account can be instantly within few clicks. You can deposit money whenever you wish. It’s not necessary to deposit money every month

    They are offering 9% interest (9.5% for Senior Citizen) for RD between 13 months – 24 months
    http://iwish.icicibank.com/iwish_interest_rate.html

    On the other hand, Post Office RD give only 8.4% interest

  4. ashalanshu says:

    Dear PNNaik, why do you want to invest in PORD? what’s so special with it? Why are you not opting Bank’s RDs?

    Thanks

    Ashal

    1. pnnaik says:

      II want to invest in MIS. This monthy amount I want to Invest in RD. I choose POST as It is safe.
      Regards,
      PN

      1. Hemanth Chandra says:

        Dear Pnnaik,

        Bank RDs are also equally safe as Post office RD. Also, in a bank RD you can operate (create RD, start a standing instruction, close RD) your RD account from internet banking itself. So, better go for Bank RD.

        Also, what is the interest rate in Post office RD??

        Regards,
        Hemanth.

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