RD VS SIP: From July 1, the interest rates of post office RD have been increased. Now 6.5 percent interest is being received on this government scheme. On the other hand, if you do SIP then how much benefit will you get? check calculation
Post Office RD VS SIP: Are you also planning to invest Rs 5000 every month… and are confused whether to invest in government scheme or invest in SIP. If so, then you do not need to take tension at all. Today we tell you whether post office RD or SIP… where will you get the benefit of investing money?
How much interest is being received on RD now?
Let us tell you that at this time investors are getting the benefit of interest at the rate of 6.5 per cent on post office RD. Likes to invest in schemes like Recurring Deposit (RD) or Fixed Deposit (FD), because in this you get guaranteed returns. At the same time, the amount of interest in SIP is not fixed.
There will be an investment of 3 lakhs in 5 years.
If you get an RD of 5000 rupees done in the post office, then in one year you will get around 60,000 rupees and in 5 years you will get around 3 lakh rupees. On this, you will get the benefit of interest at the rate of 6.5 percent, that is, you will get Rs 54,957 as interest on the amount invested by you. On maturity, investors will get Rs 3,54,957.
How much benefit will be available on SIP?
Apart from this, if you do SIP instead of post office RD, then your total investment will be of 3 lakhs, but in this you get returns according to the share market. It is mostly seen that the rate of return on SIP is around 12%. If you get 12% interest on an average, then you will get Rs 1,12,432 as interest on Rs 3 lakh.
There is risk in SIP
In this way, after 5 years you will get Rs 4,12,432. Please tell that the amount of return in SIP does not remain fixed, it keeps on increasing and decreasing. According to the returns of the market, it can also be 14 to 18 percent. So according to this, SIP is the best option as compared to RD, but there is also risk in it.
What are the benefits of RD?
Let us tell you that if you want to invest a little every month, then instead of FD, RD or SIP is the best option for you. In both these schemes, you have to deposit some fixed amount every month. After completion of maturity of RD, you get back the amount of interest along with the deposit amount, which you can use anywhere.
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