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Clear AllPost Office Recurring Deposit is a popular government-backed savings scheme. Let us know more about it.
The Post Office Recurring Deposit (PORD) is a systematic savings plan, where you save small but finite equal sums of money each month for a period of 60 months. The savings in the post office recurring deposit earn fixed interest, which can be used to accumulate sizeable and predetermined savings over time.
This article was originally published on January 24, 2022, and last updated on August 25, 2022.
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