If you are trying to save money by making small savings every month for the future of your family, then you must look at the 5-year scheme of the post office, because this scheme can also give you good returns.
Post Office RD Scheme: In this post, we are talking about the Post Office Recurring Deposit Scheme, which is quite popular and safe nowadays. Here we will tell you that if you deposit Rs 1000, 2000, 3000, 5000 or 10,000 every month, then how much return can you get after 5 years –
Post Office 5 Year Scheme 2024 –
Post Office RD Scheme which is also called 5-year scheme. Currently the interest rate of Post Office RD Scheme is 6.7% per annum, which keeps changing from time to time. In this monthly savings scheme, you can start by investing just Rs 100 per month, the more money you deposit further, you will get the return in the same proportion after five years. After 5 years the depositor gets a huge amount along with interest.
How much will you get in 5 years if you deposit 1000, 2000, 3000, 5000 or 10,000 rupees in the post office, see this chart –
The interest you would have received at the time of opening the account will be applicable for the next 5 years. Here we have done the calculation on the basis of current interest rates. If you want calculation for any other deposit amount then tell us in the comment, it will be added here –
| Every month deposit amount | Rate of interest | After 5 years the account holder will get it |
| Rs 100 | 6.70% | 7 thousand 137 rupees |
| ₹1000 | 6.70% | 71 thousand 369 rupees |
| ₹2000 | 6.70% | 1 lakh 42 thousand 732 rupees |
| ₹3000 | 6.70% | 2 lakh 14 thousand 097 rupees |
| ₹5000 | 6.70% | 3 lakh 56 thousand 829 rupees |
| ₹10,000 | 6.70% | 7 lakh 13 thousand 658 rupees |
How much will you get in 5 years if you deposit ₹ 100 in the post office
If you deposit ₹ 100 every month in the post office RD, then after 5 years you will get a total of 7 thousand 136 rupees. In this, your principal amount will be 6 thousand rupees and you will get 1,136 rupees interest at the rate of 6.7% per annum.
In the RD scheme, you can deposit a minimum of ₹ 100 per month or any maximum.
Important rules of Post Office RD Scheme –
- This scheme is run by the post office. All the work is done in the branch itself.
- You can open your account by going to any post office in the country.
- In this, money has to be deposited every month, by the due date.
- Currently, the government is giving 6.7% annual interest rate on the amount deposited in this scheme.
- The interest rate determined at the time of opening the account will be applicable for the entire time.
- The account cannot be closed before 3 years.
- If it is closed before that, then the interest rates will be the same as the savings account.
- Quarterly compound interest keeps getting added on the money deposited in this scheme.
- After 5 years, the time of the account can also be extended.
- On the death of the account holder, his heir gets the money, he can continue the account further.
- When the account is 1 year old, you can take a loan up to 50% of the deposit amount.
- The interest on loan is @ 2% + the applicable rate of interest on the RD account.
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