If you cannot invest a large amount in lump sum, then you can invest a fixed amount every month by choosing the option of Post Office RD. But if you can deposit a lump sum amount, then post office FD will be a profitable deal for you.
If you are planning to invest, then you have many types of investment options in the post office. Here we will tell you about RD and FD of post office. Although you get both these options in banks also, but in post office you are getting very good interest on both RD and FD. At present you are getting interest at the rate of 6.7 percent on Post Office RD. The advantage of RD is that if you cannot invest a large amount in lump sum, then you can invest a fixed amount every month by choosing the option of Post Office RD.
Post office RD is for 5 years. In such a situation, you can earn profit at 6.7 percent interest after 5 years. But if you can deposit a lump sum amount, then post office FD will be a profitable deal for you. In this, you will get so much interest even on 1 year investment, which will not be available even on 5 year RD. Know here how much an investment of Rs 1 lakh in post office FD will amount to in 1, 2, 3 and 5 years.
1 year post office FD
If you invest Rs 1 lakh in post office FD for a year, then you will be given interest at the rate of 6.9. In such a situation, after one year you will get interest of Rs 7,081 on Rs 1 lakh and a total of Rs 1,07,081 will be returned after one year.
2 year FD
If you make an FD of Rs 1 lakh in the post office for 2 years, then you will be given interest at the rate of 7 percent. In such a situation, after two years you will get Rs 14,888 as interest and you will get a total of Rs 1,14,888 back.
3 year FD
If you make FD of 1 year for 3 years in the post office, you will get interest at the rate of 7.1 percent. In such a situation, interest of Rs 23,508 will be available at the rate of 7.1 percent. In this way, after three years you will get a total of Rs 1,23,508 back.
5 year FD
If you get 1 year FD made in the post office for 5 years, then you will get interest at the rate of 7.5 percent. In such a situation, you will get Rs 44,995 on investment in 5 years. In this way, after 5 years you will get a total of Rs 1,44,995.
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