If you want to make a big fund for the future by making small savings every month, then the RD scheme of the post office can be a great option for you. In this, you can get safe and guaranteed returns by investing small amounts like ₹ 2000, ₹ 3000 or ₹ 5000 every month. The Post Office RD scheme offers 6.7% annual interest, which is added in the form of compound interest and becomes a huge amount on 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 ₹3000 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 ₹5000 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 Post Office RD Scheme?
This is a safe investment scheme, which is government backed and without any risk. In this, you can get big benefits from small investments. You can start with 100 rupees. Also, there is no risk of fluctuations like the stock market.
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