Post office RD: Very good interest is being received in post office RD at this time. In such a situation, a big fund can easily be created here with an RD of Rs 1000 per month. If you also want to do this, then you can get complete information here.
At present, 6.5 percent interest is being given on RD in the post office. RD in post office is for 5 years. This can be opened in single or joint name. At the same time, a minimum of Rs 100 and a maximum of any amount can be deposited in RD.
If an RD of Rs 1000 a month is started in the post office at today’s interest rates, then a fund of about Rs 71,000 will be ready in 5 years. In this, your deposit will get Rs 60,000 and around Rs 11,000 as interest.
But if this RD is extended for another 5 years, then a fund of Rs 1.69 lakh will be ready in 10 years. During this time your deposit will be Rs 1.20 lakh and you will get around Rs 49,000 as interest.
On the other hand, if this RD is extended for another 5 years, then a fund of Rs 3.04 lakh will be ready in 15 years. During this, your deposit will be Rs 1.80 lakh and you will get around Rs 1.24 lakh as interest.
On the other hand, if this RD is extended for another 5 years, then a fund of Rs 4.91 lakh will be ready in 20 years. During this, your deposit will be Rs 2.40 lakh and you will get around Rs 2.51 lakh as interest.
On the other hand, if this RD is extended for another 5 years, then a fund of Rs 7.49 lakh will be ready in 25 years. During this period your deposit will be Rs 3.00 lakh and you will get around Rs 4.48 lakh as interest.
On the other hand, if this RD is extended for another 5 years, then a fund of Rs 11.04 lakh will be prepared in 30 years. During this, your deposit will be Rs 3.60 lakh and you will get around Rs 7.44 lakh as interest.
In this way, you can see that if RD of Rs 1000 is run for a long time, then a huge fund can be created. Apart from this, almost twice as much interest can be earned from the deposited money.
