How Much Your Monthly ₹5,000 Can Grow in a 5-Year Post Office RD
₹5,000 a Month in Post Office RD: See What 5 Years Can Build: In times of rising inflation, finding a safe and low-risk investment is important. The Post Office Recurring Deposit (RD) scheme is a good option for people who want to save a small amount every month and build a secure fund for the future. It is government-backed and offers a fixed interest rate, so returns are guaranteed.
In the Post Office RD scheme, you deposit a fixed amount every month. It is ideal for those who cannot invest a lump sum at once but want to develop a regular saving habit. The current interest rate is 6.7% per year, compounded quarterly.
You can start this scheme with a minimum monthly deposit of ₹100, and there is no maximum limit. This makes it suitable for salaried people, homemakers, and small business owners.
The tenure of the scheme is 5 years (60 months). If you miss a monthly deposit, you can pay it later with a small penalty.
If you invest ₹5,000 every month, your total investment in 5 years will be ₹3,00,000. At maturity, you will receive around ₹3,56,830, earning about ₹56,830 as interest.
Overall, the Post Office RD scheme is a safe and reliable way to save for goals like education, marriage, or short-term financial needs.
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