Post Office RD: Post Office runs several schemes for savings for the middle class people. In which people can start investing with a small amount. Interest is also given on this by the government. Recurring deposit is one such scheme of the post office.
Post Office: Post Office schemes are the preferred option for the middle class of the country. Guaranteed returns are available in post office schemes. Post office also offers schemes where you can invest every month and get returns. You can invest in this scheme by saving some money from the budget every month. The post office is offering RD to the customers, in which you have to deposit money every month. You get interest on this. You can start investing in it from Rs 100 per month.
The government has recently increased the interest rate
Recently, the central government has increased the interest rate on recurring deposits from 6.2 percent to 6.5 percent. The interest money earned on Recurring Deposit does not change at the beginning of the investment. It has fixed interest. You just have to deposit money every month. Let us know how much money you will get by depositing every month in RD.
If you deposit Rs 2,000 per month, then
If you invest Rs 2,000 per month in a recurring deposit, you will get Rs 1,41,983 on maturity. If you invest Rs 2000 per month, you will invest Rs 24000 per year at Rs 66 per day. Which will become Rs 1,20,000 in five years. In this you will get an interest of Rs 21983. On maturity, you will get a total of Rs 1,41,983.
If you invest 4 thousand per month then you will get this much rupees.
If you invest Rs 4000 per month in Recurring Deposit, you will get Rs 2,83,968 on maturity. If you invest Rs 4000 per month, then at Rs 133 per day, you will invest Rs 48000 per year. In a period of five years it will be Rs 240000. In this you will get an interest of Rs 43968. On maturity you will get Rs 2,83,968.
