A post office RD provides a number of benefits to account holders, but a number of tech-savvy individuals opt for a bank RD primarily on account of ease of use. While one had to physically go to the post office to know details about an Recurring Deposit, this is changing, with the Department of Posts adopting modern technology to provide better facilities to customers. Maintaining and modifying a post office RD would’ve previously taken a lot of time and energy, but customers can rejoice now, for they can access their details online, thanks to the Department of Posts (DoP) new initiative, the e-Banking portal.
The e-Banking portal provides a host of services, including one wherein a customer can access his/her RD account.
Step By Step Process to Login into Your Post Office RD Account
Individuals who have a RD with the post office can use this new facility by clicking here. Before they access their details, they will need to register themselves. This can be done by following these simple steps:
Click on the “Register Now” tab in the page.
A new page which deals with Offline Registration Maintenance will open. Click on “Continue”.
Next, one would have to submit details like their name, gender, date of birth, mobile number, customer ID or Account ID, and contact details. These details should match the ones submitted with the post office.
Once done, a user ID will be generated, which can be used for all future sessions.
Facilities Available After Logging into Your Post Office RD account
The internet banking facility offered by the Department of Posts enables one to do a number of activities, including those related to a RD account. The common permitted actions are mentioned below:
Ability to change the password and ‘sign-on’.
Check personal details and verify them.
Personalize the page as per an individual’s choice.
While these are generic actions, there are certain RD specific options which can be of great use. RD account holders who login using this facility are entitled to the following:
Get a summary of their account.
Get details pertaining to their RD account.
Get details related to any loan on their RD.
Details related to TDS.
Manage transactions related to their RD, including making payments towards the account and clearing loans on a particular RD account.
In addition to this, the facility also provides features which enables one to get mail, request for a particular service or provide feedback.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
I have chosen the RD from Axis bank. In their app, there is a option to active the RD since its easy to opened the RD account in 5 minutes, i have selected this and other than this Axis is my salary account. Interest rate is okay but not that competitive. I'm investing the amount of Rs. 2500 every month. They have a option of lock in period between 1 year to 25 years and i have selected 10 years.
Chosen my recurring deposit from HDFC because i found the interest rate is good. I have been investing the money of Rs. 1000 per month. There is a lockin period of 4 years. They are giving a interest rate of 7.25%. The amount is automatically debited from my account. I have opened this account through their net banking.
When i opened the mobile app every time with Axis bank, they have shown me an offer with the rate of interest of 7% for the recurring deposit hence have chosen due to the higher interest rate. I am investing the money of Rs. 1000 every month. There is no lockin period of this Recurring deposit. I have activated the auto deduction option for this savings purpose.
I made the recurring deposit with ICICI bank. I have invested the money of Rs. 1000 every month. I have chosen the lock in period of 10 months. The amount is automatically deducted from my account. They have provided me a interest rate of 7.5%. I'm holding the account from ICICI hence i found this option in their app so that i have chosen.
Chosen my recurring deposit scheme from ICICI bank for the savings. The security system is good in ICICI hence i have chosen them. I'm investing the money of Rs. 3000 in every quarter and the amount is automatically deducted from my account. I'm not sure about the interest rate provided by them.
I have taken a RECURRING DEPOSIT from HDFC Bank, and i am paying monthly Rs. 2000. I started this RD presently only. This is a long term plan and i am getting some good returns after 10 years. Customer service was good. This is very useful for future.
Was this review helpful?
Reviewed on Dec 06, 2019
The best thing about HDFC Recurring Deposit is the online option which is simply good. When i want to increase the amount, i can do it on a monthly basis. The interest rate is less which is 1%. I have selected the lockin period of 3 years and overall satisfied.
I have chosen the Recurring Deposit from HDFC because its more convenient. Its around Rs. 2000, i have invested every month and its automatically deducted from my account. There is no locking period. They are providing the interest rate of 6.8% to their customer.
I am very new to HDFC BANK interms of Recurring deposit and its been a first time around 2 to 3months. The helpline number is 24/7 but I did not get response on time. It was a toll free number. The interest rate is nominal. There is no locking period and the application is user friendly but it should be better when compared to ICICI.
I have started my recurring deposit in ICICI BANK because it was my salary account. I could manage this account online. It would be great, if they could provide connectivity to reach the customer care easily. The interest rate is around 6-7% which is similar like other banks.
I was paying the RD of Rs. 2000 and i started paying the first month amount by last month. In net banking, there is no option to pay my RD. I have chosen HDFC because I'm the account holder of the same account. There is a lockin period of 6 months and at the end of six month it will get converted into fixed deposit. Interest rate is too low.
With Standard Chartered Bank, am having a recurring deposit because they are providing 7% interest rate. I would suggest them to improve the service. Its been more than 1.5years. They have provided me online access to manage the account. I was doing 3K monthly and have chosen tenure of 1year.
I am not getting any calls from Kotak to suggest the investment products but whenever my salary credits I used to invest the money with their recurring deposit, monthly I used to invest Rs.1000 and above . I won't recommend this RD for non customers.
HDFC gave me very good interest for my recurring deposit, every month I used to invest Rs.3000 for 6 months, finally I about to get Rs.18,000 without interest as per my RD, the bank gave me Rs. 18594 its really good, the online banking is very convenient.
I have a recurring deposit from HDFC. I have a salary account in HDFC hence i have chosen the same bank. I have been investing the money of Rs. 1000 every month and they are providing a interest rate of 7%. Once my salary is credited, my RD amount will automatically deducted from my account. There is a lockin period of 2 years.
I had a Recurring deposit for one year with Kotak Mahindra, through netbanking I invested Rs.500 on monthly basis they gave around 7.5% of interest for the total amount. Now I withdrawn the benefits even there is no charges for pre matured as well. The online site is very convenient to invest the money.
Recently I opened HDFC recurring deposit, the interest rate is lesser around 7.25% fpr per annum, every month I activated ecs for Rs. 2000 it has the term of 18 months. There is no pre matured charges to take the liquidity. The online banking is convenient to check the RD transactions as well.
HDFC People has provided me a RD account when i opened my salary account hence every month Rs. 1000 has been deducted from my account. I get a quick response from HDFC. Their interest rate is quite good. There is no additional charges and there is a lockin period of 18 months.
I have been investing the money through recurring deposit. Since i have a salary account from ICICI, i have chosen the RD with them. I am investing Rs. 2000 every month and the rate of interest is 7.9% which is fine for me. Once the salary is credited to my amount, by next second automatically the amount is deducted from my account.
I have a basic recurring deposit in HDFC. In HDFC, they themselves deducting the money of Rs. 1000 every month for a recurring deposit. The interest rates are good which is more than 7%. There is no additional charges. There is no lockin period and i can canceled it any time. The time which i have chosen for 27 months.