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Accrued interest on recurring deposit

DEEPAK K KHURANA (Mutual Fund Distributor INSURANCE ADVISOR)   (42 Points)

15 July 2014  

My mother have opened a RD Accont for Rs.2000/- per month in post office last month,I want to know whether the interest accrued will be the total Interest payable on maturity divided by 5 years or in increasing manner.The maturity payable will be Rs.1,49,306/- after 5 years.

The interest in Post Office Recurrintg Deposit is quarterly compounded reinvested.

 


 1 Replies

@VaibhavJ (Believe!! Live your dreams!)   (33496 Points)
Replied 15 July 2014

it depends on what mode you have selected, if you chose for re-investment of interest then you earn int on the same.

 

Thanks

1 Like

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