You can invest in SIP in case of financial crunch in future or to meet your expenses. SIP means Systematic Investment Plan. If you do not want to invest directly in the stock market then SIP is the perfect option for you. In SIP a fixed amount has to be deposited at every regular interval. Know here how a fund of Rs 20 lakh can be deposited through SIP with a monthly deposit of Rs 25 thousand.

How to make Rs 20 lakh, this is the calculation

According to the calculation, you will have to invest Rs 25,000 every month. This means you will invest Rs 3 lakh in 1 year. You will have to make this monthly investment for 5 years. That means you will invest a total of Rs 15 lakh in SIP for 5 years. Now suppose you get 12% annual return on investment. Keep in mind, you also get the benefit of compounding on interest. That means you can earn interest on interest also.

According to the calculation

You will get a total interest of Rs 5,62,159 on SIP investment. At the time of maturity, you will get the investment amount and interest amount together, which will be ₹ 20,62,159.

Keep in mind, to earn profits in SIP, you are advised to invest for a long time. Stock market fluctuations can affect your SIP returns. Before following this plan, please consult your financial advisor.

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But if you are confused about how much money should be invested every month… then don’t worry at all. Today we will tell you how much money you will get after 15 years and 20 years by investing ₹ 1000, ₹ 2000, ₹ 3000, ₹ 5000.

Let us tell you that currently 7.1 percent interest is being given in Public Provident Fund. If you invest for 15 or 20 years with this interest rate, you can create a huge fund. Let’s see the calculation –

Rs 1000 monthly investment

If you invest Rs 1000 every month in the PPF scheme, then after 15 years you will get Rs 3.25 lakh. Apart from this, if you invest for 20 years then you will get Rs 5.32 lakh.

Rs 2000 monthly investment

Apart from this, if you invest Rs 2000 every month in this government scheme, you will get Rs 6.50 lakh after 15 years. Whereas, if you extend it for 5 more years i.e. after 20 years you will get Rs 10.65 lakh.

Rs 3000 monthly investment

If you invest Rs 3000 every month, then after 10 years you will get Rs 9.76 lakh. At the same time, after 20 years you will get Rs 15.97 lakh on this investment.

Rs 5000 monthly investment

If you invest Rs 5000 every month in the PPF scheme, you will get Rs 16.27 lakh after 15 years. Apart from this, after 20 years you will get Rs 26.63 lakh on this investment.

You will get full money back on maturity

Let us tell you that when the maturity of your PPF account is completed, you will get the interest amount along with whatever money you have deposited. In case of account closure, your entire money is transferred to the account. Along with this, let us tell you that the money and interest received on maturity is completely tax free. No tax will be imposed on this by the government.

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A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited in this scheme. In Sukanya Samriddhi Yojana, you have to invest continuously for 15 years and the scheme matures at 21 years. If you invest even Rs 5000 every month in this scheme, you can collect a good amount for your daughter till maturity and can easily fulfill all the responsibilities related to it. At present, interest on Sukanya Samriddhi Yojana is 8 percent per annum.

What is the return on a monthly investment of Rs 5000?

If you invest Rs 5000 every month in Sukanya Samriddhi Yojana, then you will have to invest Rs 60,000 annually. In this way, you will invest a total of Rs 9,00,000 in 15 years. You will not make any investment between 15 to 21 years, but interest will continue to be added on your amount at the rate of 8 percent.

Now if you calculate it according to the SSY calculator, then you will get Rs 17,93,814 as interest on your total investment of Rs 9 lakh, which will be almost double your total investment. In such a situation, you will get a total of Rs 26,93,814 on maturity i.e. approximately Rs 27 lakh. If you start this investment in the year 2023, you will get the maturity amount in 2044. You can spend this amount as per your daughter’s needs in her studies or marriage etc.

Benefit of tax exemption

Interest in Sukanya Samriddhi Yojana is reviewed on quarterly basis. In this, tax exemption is also available under Section 80C of the Income Tax Act. You can claim tax exemption on maximum Rs 1.50 lakh. Under this scheme, you can open accounts only for two daughters. If you have more than two daughters, then you will not get the benefit of this scheme for the third or fourth daughter. However, if your second girl, twins or triplets are born, then Sukanya Samriddhi Account can be opened for her.

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These are better options for investors who have the ability to take risk. The government has released the interest rates for Post Office Small Savings Schemes for the October-December 2023 quarter. In this, the interest rates of Post Office Recurring Deposit (Post Office RD) have been increased by 20 basis points.

Post Office RD: New higher rates from October 1

According to the notification issued by the Finance Ministry, the interest rates on Post Office Recurring Deposit (Post Office RD) have been increased by 20 basis points. From October 1, 2023 to December 31, 2023, the 5-year post office RD will now get 6.7 percent annual interest instead of 6.5 percent. In this, compounding of interest is done on quarterly basis.

Post Office RD: ₹5000 monthly investment, ₹8.50 lakh in 10 years

A minimum of Rs 100 can be invested monthly in Post Office Recurring Deposit (PORD). There is no maximum limit for investment. You can invest as much as you want in multiples of Rs 10.

If you are investing Rs 5,000 monthly in Post Office RD, then after 5 years you will get Rs 3,56,830 on maturity. Your total investment in this will be Rs 3 lakh and you will get guaranteed interest of Rs 56,830. PORD account can be extended for next 5 years after maturity of 5 years. In this way, if you maintain your RD for 10 years, your total guaranteed fund will be Rs 8,54,272. In this, there will be a guaranteed income of Rs 2,54,272 from interest.

There is no risk in the recurring deposit scheme of the post office. Post office small savings schemes have sovereign guarantee. This is because this money is used directly by the government. Therefore, the investor’s money remains completely safe in these schemes.

Post Office RD: Pre-mature closure facility after 3 years

RD account can be opened in any post office branch for Rs 100. In this, a person can open any number of accounts. In this, apart from single, joint account can be opened for up to 3 persons. Guardian account can be opened for minors. The maturity of post office RD account is 5 years. But, pre-mature closure can be done after 3 years.

Loan can also be taken against RD account in post office. The rule is that after depositing 12 installments, a loan can be taken up to 50 percent of the amount deposited in the account. The loan can be repaid in lump sum or in installments. The interest rate on the loan will be 2 percent more than the interest on RD. It also has the facility of nomination.

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At this time, Public Provident Fund is the best option for long term investment. In this, along with the government guarantee, your money is also safe. Apart from all this, you also get good returns. Tax is not to be paid even on the returns received.

Best investment option for long term

PPF scheme is the best option to invest money for long term. You can invest up to Rs 1.5 lakh in it every year. In this you get the facility of compound interest. Along with this, market fluctuations have no impact on these government schemes.

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If you are looking for a scheme for investment, in which there is no risk and the profit is also better, then Public Provident Fund (PPF) can be a better option. Any Indian citizen can invest in this scheme. A maximum of Rs 1.5 lakh can be deposited annually in PPF and a minimum of Rs 500.

This scheme is for 15 years and gets the benefit of compounding. At present, interest is being received on PPF at the rate of 7.1 per cent. If you also want to invest in this scheme, then know here how much return you will get on monthly investment of Rs 2000, 3000, 4000 and 5000?

Profit on investment of Rs 2000

According to PPF Calculator, if you invest Rs 2000 per month in PPF, then you will have an investment of Rs 24,000 in a year. In this way, in 15 years you will invest a total of Rs 3,60,000. But according to the compounding interest of 7.1 percent, Rs 2,90,913 will be received. In this way, a total of Rs 6,50,913 will be received at the time of maturity.

On investment of Rs.3000

If you deposit 3000 rupees monthly in PPF, then you will invest a total of 36000 rupees in a year. Rs 5,40,000 will be deposited in 15 years and Rs 4,36,370 will be received as interest. In this way, when your scheme matures after 15 years, then you will get Rs 9,76,370.

4000 on investment of Rs.

On the other hand, if you invest Rs 4000 in PPF every month, then your annual investment will be Rs 48,000. In this way, in 15 years you will invest a total of Rs 7,20,000. If you calculate the interest according to 7.1 percent, then you will get Rs 5,81,827 as interest on the investment made. At the same time, the maturity amount will be Rs 13,01,827.

On investment of Rs 5000

If you deposit 5000 rupees every month in PPF, then a total of 60,000 rupees will be deposited in a year and in 15 years your investment of 9 lakhs will be done in this scheme. Talking about interest on this, according to the current interest rate, Rs 7,27,284 will be received as interest. In this way you will get Rs 16,27,284 on maturity through this scheme.

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‘Sukanya Samriddhi Yojana (SSY) is also included in the schemes whose interest rate has been increased by the government this time. The interest rate of this famous scheme has been increased from 7.60 percent to 8 percent.

Let us inform that the Narendra Modi government had started the Sukanya Samriddhi Yojana in its first term. Under this scheme, you can open a Sukanya Samriddhi account for a girl child up to 10 years of age. A huge amount can be raised in this account for the future of the daughter. Today we will tell you how through this account we will be able to arrange more than Rs 40 lakh for the daughter.

Let’s say your monthly investment is Rs 12,500. In this way your investment every year will be Rs 1,50,000 lakh. The maturity of Sukanya Samriddhi account is 15 years. If you invest Rs 1,50,000 lakhs per year for 15 years, then your total investment will be Rs 22.50 lakhs. A total interest of Rs 19.98 lakh is generated on this investment at the rate of 8 percent. Thus, the total amount on maturity will be Rs 42.48 lakh. This means that after 15 years, you will get Rs 42.48 lakh, so that you can work for your daughter’s marriage or education etc.

Know some advantages

Under Sukanya, 50% of the maturity amount can be withdrawn under certain circumstances. At the same time, there is a facility to withdraw money even after the age of the girl child is 21 years. At the same time, ₹ 1.50 lakh tax exemption can also be availed under Income Tax Act 80C. Let us tell you that Sukanya’s interest rate changes on a quarterly basis.

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These types of deposits also mature on a fixed date. Banks offer RD for a period of one to 10 years. It allows investors to invest a fixed amount every month and build a corpus for short term needs. It works like a Systematic Investment Plan (SIP) of a mutual fund. Investing in RD brings discipline.

However, for this it is also necessary that you have the required amount of money to invest every month. Conservative investors who have a source of regular income can consider RD. After 6 consecutive rate hikes by the Reserve Bank of India (RBI) in FY23 starting May, many banks have increased the interest rates on RDs for 5 years tenure.

Let us know about some such banks which are giving better returns on RD of 5 years.

IndusInd Bank

IndusInd Bank gives 7.25 per cent interest on RD for a tenure of five years. If you invest Rs 5,000 every month for five years, you will get Rs 3.62 lakh at the end of the tenure.

AU Small Finance Bank and Ujjivan Small Finance Bank

AU Small Finance Bank and Ujjivan Small Finance Bank are paying 7.20 per cent interest on RD for a period of five years. If you invest Rs 5,000 every month, you will get Rs 3.62 lakh in tenure.

DCB Bank

DCB Bank gives 7.60 per cent interest on RD for a period of five years. Among private banks, this bank offers the best interest rates. If you invest Rs 5,000 every month for five years, you will get Rs 3.66 lakh when the amount matures after 5 years.

Suryoday Small Finance Bank

Suryoday Small Finance Bank is paying 7.5 per cent interest for a tenure of five years. Suryodaya is offering the best best interest rates in Small Finance Bank. If you invest Rs 5,000 every month for five years, you will get Rs 3.65 lakh at the end of the tenure (5 years).

Big private banks are paying so much interest

Major private banks, including Axis Bank, HDFC Bank and ICICI Bank, are offering 7 per cent interest on RDs for a period of five years. Other small private banks, including IDFC First Bank, RBL Bank and Yes Bank, are offering 7% interest on RDs with a tenure of 5 years. If you invest Rs 5,000 every month, you will get Rs 3.60 lakh at the end of the tenure.

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One of these schemes is the Post Office Recurring Deposit Scheme (5-Year Post Office Recurring Deposit Account). From January 1, 2023, the RD of the post office is getting 5.8 percent interest annually. In this compounding of interest is done on quarterly basis.

Post Office Recurring Deposit (PORD) has a maturity of five years and can be extended once for 5 years. That is, you can run your account for 10 years. With a monthly deposit of Rs 10,000 in PORD, we understand that in the next 5 years and 10 years, we will make huge guaranteed corpus. There is no risk on deposits in the post office and your money remains completely safe.

Post Office RD Calculation

According to the information available on the post office website, you can start investing in Recurring Deposit (RD) from just Rs 100 in the post office. It has the facility that once you have opened an account with Rs.100, you can make further deposits in multiples of Rs.10 each. There is no maximum investment limit in this. 5.8 percent interest is being received annually in the post office RD. In this compounding of interest is done on quarterly basis.

₹10,000 Deposit: How Much Funds in 5 Years

According to the Post Office RD calculation, if you deposit 10,000 every month in the monthly scheme, then after 5 years you will have a guaranteed fund of Rs 6,96,968. Your investment in this will be Rs 6 lakh. Whereas, the earning from interest will be Rs 96,968.

₹10,000 Deposit: How Much Funds in 10 Years

According to the Post Office RD calculation, if you deposit Rs 10,000 every month in the monthly scheme and extend it for a further 5 years after maturity, then after 10 years you will have a guaranteed fund of Rs 16,26,476. Your investment in this will be Rs 12 lakh. Whereas, the earning from interest will be Rs 4,26,476.

In this calculation of the post office, know that 5.8 percent interest has been taken annually for the entire period of investment. The government reviews the Small Savings Schemes on a quarterly basis. Any number of accounts can be opened by a person in the RD of the post office. In this, apart from single, joint account can be opened for up to 3 persons. Guardian account can be opened for minor.

PORD: Learn the rules for taking a loan

Loan can also be taken on RD account in post office. The rule is that after depositing 12 installments, a loan can be taken up to 50% of the amount deposited in the account. The loan can be repaid in lump sum or in installments. The interest rate of the loan will be 2 percent more than the interest on RD. It also has the facility of nomination. The maturity of post office RD account is 5 years. But, pre-mature closure can be done after 3 years.

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Every small savings and regular investment habit creates a substantial fund for you in the long run. There are many investment options in today’s time. There is risk in investing in the market. Apart from this, there are many other options like government schemes, bonds, bank deposit schemes, in which there is no market risk.

If you also want to make your small savings big through regular investment without taking any risk, then Post Office Recurring Deposit Scheme (Post Office 5-Year Post Office Recurring Deposit Account) can prove to be helpful. Right now the government is paying 5.8 percent interest per annum on post office RD. One of its specialty is that there is no risk on deposits in the post office ie post office and your money remains completely safe.

PORD: How to make a guaranteed fund of 3.5 lakhs

According to RD Calculator, if you invest Rs 5,000 in Post Office Recurring Deposit (RD) every month, you will get Rs 3,48,480 on maturity after 5 years. Your investment in this will be Rs 3 lakh and you will get a guaranteed interest of Rs 48,480. You can start investing in Recurring Deposit (RD) from just Rs 100 in the post office. It has the facility that once you have opened an account with Rs.100, you can make further deposits in multiples of Rs.10 each. There is no maximum investment limit in this.

Any number of accounts a person can open in the Post Office Recurring Deposit Scheme. In this, apart from single, joint account can be opened for up to 3 persons. There is a facility to open an account in the name of the child as well. The maturity of post office RD account is 5 years. But, pre-mature closure can be done after 3 years. It also has the facility of nomination. At the same time, after maturity, RD account can be continued for further 5 years.

PORD: Loan will be available on need

Post Office RD is such a scheme, through which you can also take a loan on the basis of your deposit if needed. The rule of the post office says that after depositing 12 installments, a loan can be taken up to 50 percent of the amount deposited in the account. The loan can be repaid in lump sum or in installments. The interest rate of the loan will be 2% more than the interest on RD.

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If you want to invest regularly without taking market risk, then Post Office Recurring Deposit (Post Office RD) is a better option. On the other hand, if you can take market risk directly or indirectly, then Systematic Investment Plan (SIP) can be a good option for investment. You will have fixed income on maturity in Post Office RD. Its interest rates are already fixed. There is no market risk in this. On the other hand, there is market risk in Mutual Fund SIP, but the returns are very attractive.

Post Office RD: ₹ 100 monthly investment

Investment in Post Office Recurring Deposit (PORD) can be started from 1,000 months. There is no maximum limit for investment in this. Right now 5.8 percent interest is being received on the RD of the post office. In this compounding of interest is done on quarterly basis.

Suppose, you are investing Rs 500 every month in post office RD, then after five years you will get Rs 69,694 on maturity. Your total investment in this will be Rs 60,000 and you will get Rs 9,694 as interest income. Similarly, if you deposit Rs 5,000 monthly, then in 5 years you will get Rs 3,48,480. Your investment will be Rs 3 lakh in this and there will be a wealth gain of Rs 48,480.

SIP: ₹1,000 monthly investment

If you have the ability to take market risk, then you can choose the option of investing in mutual funds. Investment in mutual fund schemes can be started with a SIP of Rs 1,000. The average return of most of the schemes in the long term has been 12% per annum.

Suppose, you can start a monthly SIP of Rs 1,000 in a mutual fund. If there is an average annual return of 12%, then after 5 years you can get Rs 82,486. Your investment in this will be Rs 60,000 and wealth gain of Rs 22,486. Similarly, if you do a monthly SIP of Rs 5,000, then in 5 years you will get Rs 4,12,432. Your investment will be Rs 3 lakh in this and there will be a wealth gain of Rs 1,12,432.

(Disclaimer: Returns are calculated based on a calculation here. This does not constitute investment advice. Investment in Mutual Funds is subject to market risks. Do your own research or consult your advisor before investing.)

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You can invest in this government scheme only at the age of 18. To get an annual pension of Rs 60,000, you have to invest Rs 210 every month for 42 years. That is, 7 rupees in a day. By investing only this much, you can get a total pension of Rs 60,000 in a year.

Conditions for Atal Pension Yojana

To take advantage of Atal Pension, the age of the subscriber should be between 18 – 40 years. Apart from this, he should also have a savings bank account and if someone does not have a savings account, then he has to open the account. Apart from this, the applicant should have a mobile number and its details will have to be given to the bank during registration.

Pension will be given annually after 60

Under this scheme, you will get a pension of 1 thousand rupees to 5 thousand rupees a month after retirement on depositing a fixed amount every month. The government is guaranteeing a lifelong pension of Rs 5000 per month after the age of 60 years on investing only Rs 1239 every 6 months.

Will have to pay Rs 210 every month

Under the scheme, if you add 5 thousand rupees for monthly pension at the age of 18 years, then you will have to pay 210 rupees every month. If you give the same money every three months, then you will have to pay Rs 626 and in six months you will have to pay Rs 1,239. At the same time, if you invest at the age of 18 to get a pension of Rs 1,000 a month, then you will have to pay Rs 42 monthly every month.

Highlights of the plan

Any citizen of India can join this scheme. For this, he should have a bank account and should be associated with the unorganized sector. For this the minimum age should be 18 years and maximum age should be 40 years. Investors will get the benefit of the scheme after the age of 60 years, at the time of retirement. Under this, investors can get monthly pension till their death. If the investor dies, their spouse will continue to receive the pension till their death. In the event of the death of both the investor and the spouse, the retirement corpus is transferred to the account of the nominee.

Tax exemption will be available

You can choose from 3 types of plans to pay in this plan, Monthly Investment, Quarterly Investment or Half Yearly Investment. Under this plan youIncome TaxIt also gets the benefit of tax exemption under section 80CCD.

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