Is post office recurring deposit eligible for 80c?
No, a Post Office Recurring Deposit (RD) itself is not eligible for tax deduction under Section 80C. I learned this when I opened my RD thinking I would get tax benefits, but later found out that only certain savings schemes like PPF, NSC, ELSS mutual funds and 5-year fixed deposits, qualify for 80C. The Post Office RD is a safe way to save monthly and earn guaranteed returns, but you can’t claim any tax deduction on the amount you invest in it.