Post Office RD Scheme : Innovative Scheme of Post Office; Daily Savings of Rs.300 and Direct Cashback of Rs.15 Lakhs!

By Sandy Verma On Jun 30, 2026

Post Office RD Scheme : Looking for a safe and guaranteed return investment option in times of inflation? Then there is a good news for you. You can build a bumper fund of up to Rs 15 lakh by saving just Rs 300 per day through a fantastic scheme with a government guarantee. What exactly is this scheme that lays the foundation for the middle class to become millionaires without fear of market ups and downs, let’s know about it in simple terms…

What is RD Scheme of Post Office?

Post Office’s RD Scheme is a safe and guaranteed small savings scheme of the Central Government, which can be invested from a minimum of Rs 100 to any amount per month. Currently, this scheme is paying interest rate of 6.70% compounded annually.

Saving 300 rupees daily will accumulate 15 lakh rupees

Post Office Recurring Deposit (Post Office RD) to raise funds up to Rs 15 lakh by saving Rs 300 daily The scheme is very popular and safe option. It is guaranteed by the government and has a good interest rate. Basic tenure of RD in post office is 5 years. But, you have to continue this investment for 10 years (120 months) to build a fund of 15 lakhs. Post Office RD Scheme

Detailed information of the scheme

Investment Mathematics: If you save Rs 300 daily and invest Rs 9000 per month, your principal amount accumulates to Rs 5.40 lakh in 5 years.
Returns: After 5 years, if you extend this amount for another 5 years (total 10 years), you get a huge fund of Rs 15 to 15.50 lakhs due to the benefit of compound interest. This gives a profit of around Rs 4.50 lakh from interest only.
Investment Limit: You can start investing in Post Office RD from as little as Rs 100. There is no maximum amount limit.
Interest Rate: Currently, the scheme pays 6.7 percent compound interest (quarterly). Post Office RD Scheme

Important Rules of the Scheme

Duration : The basic tenure of this scheme is 5 years. After maturity you can extend the account for another 5 years.
Account Opening: Any Indian citizen can open this account very easily by going to the nearest post office.
Loan Facility: After 1 year of regular investment you can borrow up to 50 percent of the deposit.

Account Opening Process

Any Indian citizen can open this account by visiting any post office. Account opening facility is available even from Rs.100. Aadhaar Card, PAN Card, passport size photograph and KYC form are required to open the account.
Go to your nearest post office and fill the RD account application form. The account is then opened by attaching the necessary documents and depositing the first installment in cash or cheque. You can get official information by visiting India Post Official Website.