National Savings Institute
Add Favourite  |  | |  | Home | FAQ | Contact Us
Skip Navigation Links
About NSI
Activites
Act Rule
RTI Informarion under Section 4
Data and Statistics
International Co-operation
NSSF
 Home > About NSI >
 

National Savings Recurring Deposit Account Scheme

INTRODUCTION:

  • Minimum ₹100/- per month and any amount in the multiples of ₹10/-. No Maximum Limit.

  • An account can be opened by an adult in his own name or upto three adults jointly.

  • Guardian may open an account on behalf of a minor or a person of unsound mind.

  • Advance deposits can be made at the option of the depositor for 6 months or 12 months and earn rebate.

  • Account matures in 5 years.

  • Withdrawal to the extent 50% of the amount of existing balance is permissible after one year of the opening of account.

  • Maturity value allowed on RD accounts restricted to that of ₹100/- denomination in case of death of depositor subject to fulfillment of certain conditions.

  • An account can be continued with deposits or without deposits after maturity for another five years.

  • Account can be closed prematurely after 3 years with simple interest at the rate of POSA.



Click for Scheme Rule( 1981 and 2019 )

Click for Scheme Forms.

Click for Interest Rate.

 
 
Back to Top
 
 
 Hyperlinking Policy | Copyright Policy | Privacy Statement | Feed Back | Accessibility Policy  | Disclaimer

© 2013 NATIONAL SAVINGS INSTITUTE , All rights reserved   

National Savings Institute, Ministry of Finance (DEA) Govt. of India First Floor,ICCW Building.4,Deen Dayal Upadhayaya Marg,New Delhi-110002.
E-mail ID : nsi@nsiindia.gov.in