Post Office Scheme: Every person wants to grow his money by investing it. There is a working class in the country which finds it difficult to invest large funds at once because every month’s expenses are fixed.
After that, not much money is saved. Recurring Deposit Scheme has been created keeping such people in mind. You can invest some of your money every month in the Recurring Deposit Scheme. Here we are telling you that if you save and deposit Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000 or Rs 5,000 every month, then how much money will you get on maturity. That is, what kind of big fund can you create even with small investment.
This much interest is available on Post Office RD
Post Office RD is getting interest at the rate of 6.7% per annum. RD is available for 5 years in the post office. You can start investing in it with Rs 100. There is no maximum limit. Let us tell you how much benefit will be available on RD of Rs 2000, 3000, 4000 and 5000 in the post office due to the new interest rate.
RD of Rs 1000
If you start an RD of Rs 1000 every month, then in a year you will invest a total of Rs 12000. The total investment in 5 years will be Rs 60,000. If the interest on this is calculated according to 6.7, then in 5 years you will get Rs 11,366 as interest. In this way you will get Rs 71,366 on maturity.
RD of Rs 2000
If you start an RD of Rs 2000 every month, then in a year you will invest a total of Rs 24000. The total investment in 5 years will be Rs 1,20,000. If the interest on this is calculated according to 6.7, then in 5 years you will get Rs 22,732 as interest. In this way you will get Rs 1,42,373 on maturity.
RD of Rs 3000
At the same time, if you deposit Rs 3000 every month in Post Office RD, then the investment will be Rs 36000 in a year and Rs 1,80,000 in 5 years. Rs 34,097 will be received as interest in 5 years and thus a total of Rs 2,14,097 will be received on maturity.
RD of Rs 4000
By depositing Rs 4000 every month in Post Office RD, you will invest Rs 48,000 in a year. In this way, the total investment in 5 years will be Rs 2,40,000. Interest of Rs 45,463 will be available on this. By combining the invested amount and interest, you will get Rs 2,85,463 on maturity.
RD of Rs 5000
If you are starting post office monthly RD with Rs 5000 then you will have to invest Rs 60000 annually. You will invest a total of Rs 3,00,000 in 5 years. After 5 years you will get Rs 56,829 as interest. In this way, after 5 years, adding the total deposit and interest, you will get back Rs 3,56,829.
