Get Recurring Deposit Installment Report

The depositor can pay the instalments in advance. (v)Maturity of accounts : An account will mature for payment on the pre-determined due date at the time of opening it or 30 days/one month after the last instalment is paid, whichever is later.

Anytime withdrawal: Recurring deposit accounts also offer the facility of withdrawal of the account anytime. The bank might charge a small fee for it but it is still a good option for the depositor to have in case he or she needs the deposited money along with the return on it urgently.

To check post office RD account balance online, one would need access to the India Posts's e-banking portal. Individuals who have a post office RD account can now access their RD account using India Post's e-banking portal. One has to register themselves on the portal to be able to access the services.

A Recurring Deposit is like a Fixed Deposit. Once the RD amount has been deposited, it cannot be withdrawn until maturity. Partial withdrawals from the account are not allowed.

It is similar to making fixed deposits of a certain amount in monthly installments. ... This deposit matures on a specific date in the future along with all the deposits made every month.

Yes, you can close a recurring deposit account before the end of the maturity tenure. Can I withdraw the entire amount as part of premature withdrawal? No, you can't withdraw the entire amount. As per rules, the withdrawal amount is capped at a maximum of 50% of the deposit available in the account.

You must also commit to making deposits in multiples of Rs. 500, though some banks may allow deposits in multiples of Rs. 100.

Click on 'Accounts' tab. Click on 'Transact' on the left side of the menu. Choose 'Liquidate RD' Select the RD account that you wish to liquidate. Verify the details. Confirm to liquidate.

The amount can only be withdrawn on maturity. In case of emergency you can break your RD before maturity, but after that your account will be closed. Banks may deduct 1 or 2 percent penalty from the interest accrued on your RD amount for the period for which the amount was with the bank.