If you’re looking to build a large fund for the future through small monthly savings, the Post Office RD scheme can be an excellent choice. With this scheme, you can invest modest amounts like₹2000,₹3000, or₹5000 each month and receive safe, guaranteed returns. The Post Office RD scheme offers an annual interest rate of 6.7%, which is compounded, resulting in a substantial sum at maturity.
What is the Post Office RD scheme?
The Post Office Recurring Deposit (RD) scheme is a very safe and guaranteed return-saving scheme. In this scheme, you can start investing from Rs 100 and can easily create a big fund by adding small amounts every month.
What is the interest rate and period?
In this scheme, up to 6.7% annual interest can be obtained, which is added on a compound basis. The duration of this scheme is up to 5 years, after which you get back the entire money along with interest.
How much return on investing ₹2000 every month?
If you invest ₹2000 every month, then in 5 years the total investment will be ₹1,20,000. ➡On maturity, you will get ₹1,42,732. ➡You will get ₹22,732 as interest.
How much return on investing ₹3000 every month?
If you invest ₹3,000 every month, then in 5 years the total investment will be ₹1,80,000. ➡On maturity, you will get ₹2,14,097. ➡You will get ₹34,097 as interest.
How much return on investing ₹5,000 every month?
If you invest ₹5000 every month, then in 5 years the total investment will be ₹3,00,000. ➡On maturity, you will get ₹3,56,830. ➡You will get ₹56,830 as interest.
Why choose the Post Office RD Scheme?
This is a safe investment scheme that is government-backed and without any risk. In this way, you can get big benefits from small investments. You can start with 100 rupees. Also, there is no risk of fluctuations like in the stock market.
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