Small Saving Schemes - Post Office RDs?

6.9% per annum (quarterly compounded)
How To Open An Account:
-The account can be opened by cash / Cheque and in case of Cheque the date of deposit shall be the date of presentation of Cheque
-Nomination facility is available at the time of opening and also after the opening of an account
Account Transfers and Facilities:
-The account can be transferred from one post office to another
-Any number of accounts can be opened in any post office
-The account can be opened in the name of the minor and a minor of 10 years and above age can open and operate the account
-The joint account can be opened by two adults
-The subsequent deposit can be made up to the 15th day of next month if an account is opened up to 15th? of a calendar month and up to last working day of next month if an account is opened between the 16th day and last working day of a calendar month -If a subsequent deposit is not made up to the prescribed day, a default fee is charged for each default, default fee @ 0.05 rs for every 5 rupees shall be charged. After 4 regular defaults, the account becomes discontinued and can be revived in two months but if the same is not revived within this period, no further deposit can be made About the RDs:
-If in any RD account, there is monthly default amount, ? the depositor has to first pay the defaulted monthly deposit with default fee and then pay the current month deposit. This will be applicable for both CBS and non CBS Post offices. -There is a rebate on advance deposit of at least 6 installments
-The single account can be converted into Joint and Vice Versa
-Minor after attaining majority has to apply for conversion of the account in his name
-One withdrawal up to 50% of the balance allowed after one year. It may be repaid in one lump sum along with interest at the prescribed rate at any time during the currency of the account?
-Full maturity value allowed on R.D. Accounts restricted to that of INR. 50/- denomination in case of death of depositor subject to fulfillment of certain conditions.
In case of deposits made in RD accounts by Cheque, date of credit of Cheque into Government accounts shall be treated as the date of deposit