Recurring deposit schemes: SBI vs Post Office RD rates compared
In SBI RD account, customers are required to make monthly deposits of minimum of ₹100
The minimum amount required for opening a Post Office RD is ₹10 per month
A lot of people plan to accumulate funds for investment but find it difficult to save enough. It makes sense for such investors to save on a monthly basis. Recurring deposits (RD) account is the best option for such investors. An RD account can be opened with a bank or a Post Office. Both State Bank of India (SBI) and Post Office offer RD options to their customers. You can choose a fixed amount to invest every month over a period of time.