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National Savings Recurring Deposit Account Scheme


  • 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.

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National Savings Institute, Ministry of Finance (DEA) Govt. of India First Floor,ICCW Building.4,Deen Dayal Upadhayaya Marg,New Delhi-110002.
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