Is the Post office RDA rated for credit quality?
No, the RDA scheme does not require any commercial rating as it has the backing of the Government of India. It is deemed to be risk-free. BUYING, SELLING, AND HOLDING How do I buy a Post Office Recuuring Deposit Account? A post-office RDA can be opened at any post office in the country by filling up the appropriate forms. What is the minimum investment and range of investment in RDA? The minimum investment in a post-office RDA is Rs 10. There is no prescribed upper limit on your investment. The advantage with post-office deposits is that it offers a fixed rate of return at 9.5 per cent while banks constantly change their recurring deposit rates depending on their demand supply position. The only disadvantage is that you will have to visit the post office every month whereas in the case of banks, the amount will be automatically deducted from your account. What is the duration of Post Office RDA? The post-office RDA scheme has a tenure of five years. This can be extended for a further f
