How to Pay for Post Office RD Online

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In India, post offices provide various financial services, including insurance and savings schemes, to the citizens. One popular scheme offered by post offices is the Recurring Deposit (RD) scheme.

The post office RD scheme offers attractive returns on maturity, making it a preferred choice among individuals. To ensure the growth of your deposits, post office interest rates are regularly revised, and the interest is compounded quarterly.

Typically, a post office RD has a tenure of five years. However, after maturity, you have the option to extend it for another five years. The minimum monthly deposit required is Rs.10, while there is no maximum limit for the deposits. 

How to Register for Post Office RD Online  

To register for Post Office RD online, you must first activate your internet banking services or register for Post Office online services. Here is a step-by-step guide: 

  1. Visit the nearest post office where you hold an active savings 'B' post office account. 
  2. Ensure you have a valid mobile number, email ID, and your Post Office Debit Card
  3. Fill out the application form provided by the post office to initiate online services and submit it along with your Know Your Customer (KYC) documents. 
  4. The post office will verify your application and documents. 
  1. After the verification process, your internet banking services will be activated within 24 hours. 

Once your internet banking services are activated, you can proceed to register for Post Office RD online and enjoy the convenience of managing your recurring deposit through the Post Office's online platform. 

How to Create Post Office RD Login 

To create a Post Office RD login, please follow these steps: 

  1. After activating your Post Office internet banking services, go to the DOP (Department of Post) internet banking page. 
  1. Locate and click on the 'New User Activation' tab. 
  2. Provide the necessary information in the designated fields, such as your name, customer ID, account ID, mobile number, and email address. 
  3. Set a login password and a transaction password for your Post Office RD account. Additionally, select security questions and provide their corresponding answers. 
  4. Once you have filled in all the required information and set your passwords, your user ID will be automatically generated. 
  5. Make a note of your user ID, as you will need it for future transactions and accessing your Post Office RD account. 

How to Open Your Digital IPPB Account 

To open your digital IPPB account, you can follow these steps: 

  1. Download the IPPB mobile banking app from either the Apple Store or Google Play Store. 
  2. Open the app and click on the 'Open your Account now' link to begin the account opening process. 
  3. Sign up for a digital savings account by providing your basic information, PAN, and Aadhaar number. 
  1. Enter the phone number that is linked to your post office account. 
  2. Fill in your customer ID and account number associated with your post office account. 
  3. An OTP will be sent to the RMN (Registered Mobile Number) linked to your post office account. Enter the OTP as prompted. 
  4. Set your MPIN (Mobile Personal Identification Number) to secure your account. 
  5. Once your MPIN is set, you can start using the IPPB mobile banking app and enjoy digital banking services. 

How to Pay Post Office RD Online 

To make a payment for your Post Office RD online using the IPPB app, you can follow these steps: 

  1. Transfer funds from your savings bank account to your IPPB account. Ensure you have sufficient funds available for the RD payment. 
  2. Open the IPPB app and navigate to the "DOP Products" section. 
  3. Select the "Recurring Deposit" option from the available options. 
  1. Enter your post office customer ID and RD account number to specify the account for the RD payment. 
  2. Input the RD instalment amount and specify the duration or number of instalments for the RD. 
  3. Double-check the details you entered and ensure they are accurate. 
  4. Once you are satisfied with the information, proceed to make the payment through the IPPB app. 
  5. After successfully completing the payment transaction, you will receive a payment confirmation notification indicating that your RD payment has been processed. 

FAQs on How to Pay for Post Office RD Online

  • What is the procedure for checking the Post Office Savings Account balance through SMS?

    To check your Post Office Savings Account balance via SMS, you must first register your mobile number with your savings/current account. Once registered, send a text message with the keyword 'BAL' to the number 773806287. You will receive a response with your savings account balance.

  • Is it possible to open a Post Office RD account online?

    No, opening a Post Office RD account online is not currently available. To open an RD account, you must visit the nearest post office in person. 

  • Are Post Office RD accounts tax-free?

    The principal amount deposited in a Post Office RD account qualifies for tax benefits under Section 80C of the Indian Income Tax Act. However, the interest earned on the RD is taxable as ‘Income from Other Sources’ at the applicable income tax slab rates. 

  • Is it possible to make offline payments for RD at the Post Office?

    Yes, it is possible to make RD payments offline at the Post Office. However, it is important to note that the online process is simpler and more convenient.  

  • How can I view my Post Office RD balance online?

    To check your Post Office RD balance online, simply login to the IPPB mobile app. Navigate to the 'DOP products' section and select the RD option. You will be able to view all the details and balances of your RD account there. 

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