how to open RD for 30 years

Hi
I want to open RD for 30 years
is it possible?

hi,
To the best of my knowledge we can open a RD account with post office for 5 years and we can extend it for a furhter period of 5 years making duration of 10 years.
We can open a RD account for 10 years with SBI or any other PSU bank but i dont know any institution where we can open a RD account for 30 years.
That will be an intresting opportunity if possible.
Thankyou.
Regards,
praveen:clapping:

yes all of them give 10 years only and i cant extend
i want to save for my daughter's marriage and son's education by putting 5000 pm in RD for next 20 - 30 years.
i cant take risk with this money by putting in mutual fund

sbi suggested ppf but i also need to take the money out if i need it

Why don't you SIP into a good proven balanced fund?
For a 30 year horizon, the returns will undoubtedly beat the interest rates.

Instead of going for 30 years RD, you may go for 5 years RD, get the maturity value and invest in FD, continue RD for another 5 years and repeat the same till 30 years period. This will avoid many problems like identification, etc.
Further PPF may be opened for 15 years and extend for another 5 years. I am not sure whether second and third extensions are possible. Even otherwise, u may go for FD after 15 / 20 years.
Another way is, open one PPF account in your name for 15 years. After 5 years open one more PPF account in your son / daughter's name. Like that you phase out after every 5 years, so that after 15th year, 20, 25 and 30th year, they will mature. If 15 is extended to 20 years, then 3 accounts will be sufficient for 30 years.