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

1. ashalanshu says:

   May 9, 2014 at 3:27 am

   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

   Reply
2. ashalanshu says:

   May 1, 2014 at 6:38 pm

   Dear Pnnaik, your closing comments please.

   Thanks

   Ashal

   Reply
   1. pnnaik says:

      May 8, 2014 at 10:58 am

      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

      Reply
3. rockingguy says:

   May 1, 2014 at 3:18 pm

   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

   Reply
4. ashalanshu says:

   April 30, 2014 at 11:33 pm

   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

   Reply
   1. pnnaik says:

      May 1, 2014 at 8:53 am

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

      Reply
      1. Hemanth Chandra says:

         May 1, 2014 at 1:39 pm

         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.

         Reply

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