Post office: Every person wants to increase his money by investing in post office. There is a working class in the country which faces difficulty in investing a large amount at once because every month’s expenses are fixed. Recurring deposit scheme is designed keeping in mind those people who are not able to save much money after this.
You can save some of your money every month and invest it in the Post Office Recurring Deposit Scheme. Here we are telling you that if you save and deposit Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000 or Rs 5,000 every month, then how much money will you get on maturity? Recurring Deposit: How big a fund you can build even with a small investment!
This much interest is available on Post Office RD!
Post office recurring deposits are earning interest at the rate of 6.7 percent per annum. RD is available in the post office for 5 years. You can start investing in it with Rs 100! There is no maximum limit! Let us tell you how much benefit you will get from the new interest rate on RD of Rs 2000, 3000, 4000 and 5000 in the post office.
RD of Rs 1000
If you start a recurring deposit of Rs 1000 every month, then in a year you will invest a total of Rs 12000. Total investment in 5 years will be Rs 60,000! If the interest on this is calculated according to 6.7, then in 5 years you will get Rs 11,366 as interest. Post Office: This way you will get Rs 71,366 on maturity!
RD of Rs 2000
If you start a recurring deposit of Rs 2000 every month, then in a year you will invest a total of Rs 24000. The total investment in 5 years will be Rs 1,20,000. If the interest on this is calculated according to 6.7, then in 5 years you will get Rs 22,732 as interest. Post Office: In this way you will get Rs 1,42,373 on maturity.
RD of Rs 3000
At the same time, if you deposit Rs 3000 every month in Post Office Recurring Deposit, then the investment in one year will be Rs 36000 and in 5 years it will be Rs 1,80,000. Rs 34,097 will be received as interest in the post office in 5 years and thus a total of Rs 2,14,097 will be received on maturity.
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