April 30, 2014 9:50 pm
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?
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.
Dear Pnnaik, your closing comments please.
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.
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
On the other hand, Post Office RD give only 8.4% interest
Dear PNNaik, why do you want to invest in PORD? what’s so special with it? Why are you not opting Bank’s RDs?
II want to invest in MIS. This monthy amount I want to Invest in RD. I choose POST as It is safe.
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??
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