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What is the Post Office Recurring Deposit Account?

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Post Office Recurring Deposit is a five year annuity and one can open the account with a minimum amount as low as Rs. 10 which will fetch him Rs. 728.90 after maturity. This is also an ideal scheme for short term investment. The account can be opened with a minimum subscription of Rs. 10 or in multiple of Rs. 5 thereafter.

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