If you deposit ₹ 3600 monthly for 36 months in HDFC Bank’s RD scheme, what will be the maturity amount? Know here
HDFC Bank is currently offering 7 percent interest rate per annum to general customers on RD for 36 months.
The bank is offering 7.50 percent interest rate per annum for 36 months RD to senior citizens.
On this basis, if a normal customer invests Rs 3600 every month in RD scheme for 36 months, then according to the calculation, the maturity amount will be Rs 1,44,531.
Whereas if a senior citizen deposits Rs 3600 every month in the RD scheme for 36 months, then according to the calculation, the maturity amount after 36 months will become Rs 1,45,674.
By investing even small amounts in recurring deposit schemes, you can create a big fund at one time.
