Recurring Deposit (RD) is one of the most preferred investment instruments among most Indian citizens. RD schemes are provided by Post Office apart from most Indian banks. The Post Office RD schemes are government-backed deposit schemes that offer tax-free interest up to Rs.10,000.
Depositors can open a savings account in the Post Office to avail themselves of this benefit. The India Post ensures effortless service by allowing customers to avail themselves of the services through digital platforms.
Customers can check their RD account balance both online and offline mode. Read on to know more about how to check the Post Office RD account balance.
The following are the steps to check RD balance in Post Office through various online and offline mode:
E-passbook has been introduced by the Government in 2023 and following are the steps to avail yourself of the benefits of this facility:
The following are the steps how to check post office rd balance:
The following are the steps to check RD account balance in Post Office:
The following are the steps to check account balance through SMS service:
To check RD account balance, dial ‘8424054994’ from your registered mobile number and give a missed call to get information about account balance.
The following are the steps to check account balance through IPPB mobile application:
After logging into the application, you can then check the RD account balance in Post Office
The following are the steps to open an RD account online at Post Office:
Here are the steps to create a Post Office RD account login:
The following are the steps to generate the login credentials for the Post Office RD account:
After completing the process, you will be redirected to the dashboard section to manage and view the details of your RD account.
Here are the steps to make deposit in a Post Office RD account online:
IPPB will notify the accountholder once the payment has been made successfully.
You would need your Aadhar card, PAN card, Passport, and any Government ID card to open an RD account online.
You can log into the internet banking using customer ID and password to download your Post Office RD statement. Under ‘Accounts’ option and click on ‘Savings Account’ and then on ‘Transaction History’ option. Click on ‘Download Your Statement’ and select the period to download the statement.
Yes, the monthly installments for Post Office RD scheme can be paid online through India Post Payments Bank (IPPB) mobile app or by using DOP internet login to make payment through credit cards, debit cards, and internet banking.
No, RD account cannot be opened online for the Post Office RD scheme, yet the monthly installments can be paid online through India Post Payments Bank (IPPB) app.
Yes, the Post Office provides an online banking facility and applicants need to register for online banking services by visiting the nearest branch of the Post Office. Fill in the form and submit the required documents. The Post Office will activate the internet banking next day and applicants need to click on the ‘New user Activation’ link received via SMS. Individuals must also provide essential KYC (Know Your Customer) details, valid mobile number, email ID, and PAN number as well.
Yes, the Post Office recurring deposit is tax free, and the principal amount is eligible for tax benefits under Section 80C of Income Tax Act 1961. However, the interest earned from the RD is taxable as per applicable taxes under Income from Other Sources.
Yes, you can transfer funds from your bank account to the Post Office online by logging into your account using your credentials. Click on ‘DOP services’, select the scheme where you want to invest in, provide the account number, DOP customer ID, and the amount to be transferred. Select the payment mode and click on ‘Pay’ option to transfer the amount. Acknowledgement will be provided after successful completion of amount transfer to the preferred Post Office scheme.
Yes, the Post Office has an online banking facility for which you need to visit the nearest Post office branch to register for DOP online banking. Fill in the application form and submit all the required documents. DOP internet banking will be activated next working day after which you can avail various services through their online banking facility.
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