Post Office RD Scheme: Not only banks, some post office schemes are so beneficial that investing in them can make you a millionaire. Today, we’re going to tell you about one such scheme, which can make you a millionaire in just five years. These post office schemes come with a government guarantee, and there’s no risk of loss. Let’s learn more about this hidden scheme of the post office.

What is this scheme?

If you invest 25,000 rupees every month in the post office’s recurring deposit scheme, or RD, you’ll have over 17 lakh rupees after 5 years. This scheme offers 6.5 percent annual and monthly compound interest. This means you’ll earn 2.74 lakh rupees on your total deposit. Thus, after 5 years, you’ll have 17,74,771 rupees.

Who can open an account?

Any Indian can open an RD at a post office. The most important thing is that two or three people can open it together. The minimum investment in a post office RD is ₹100, and the maximum can be any amount. You can close a post office RD if needed, but there are some rules. RDs are closed following these rules.

If the account holder dies before the RD is complete, the legal heir receives the RD proceeds. The heir must submit certain documents to the post office, after which the money is received. However, if the heir wishes to continue the RD, they are permitted to do so.

Keep these things in mind when opening a Post Office RD:

The interest rate is set by the government and is compounded quarterly, resulting in better returns. Deposits must be made before the due date each month, otherwise a penalty of ₹1 per ₹100 is levied. Also, make a nomination when opening the account to avoid any legal complications in the future.

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This scheme is especially for those people who want to create a big fund for the future by saving a fixed amount every month. In this, not only your money is safe, but being backed by the government, it also gives good returns.

What is the Post Office RD scheme?

Post Office RD is a 5-year deposit scheme in which you can start investing with a minimum of ₹ 100 every month. Currently, it is offering an interest rate of 6.7% per annum, which is compounded on a quarterly compounding basis. There is no maximum investment limit in this scheme.

How to create a fund of lakhs from small savings?

Suppose you deposit ₹21,000 every month in a post office RD.
So after 5 years i.e. 60 months, you will get a total return of about ₹14,98,682.

Total Deposit: ₹12,60,000
Total Interest Earned: ₹2,38,682

This calculation shows how you can build a large corpus through regular small savings.

If you extend it for 5 more years, the returns can be close to double.

The most special thing about this scheme is that you can extend this account for another 5 years after maturity. If you continue investing for 10 years, your investment and interest will be as follows:

Total Investment Amount: ₹25,20,000
Interest Income: ₹10,67,944
Total Return: ₹35,87,944

In this, you not only keep the principal amount safe but also earn a good amount of interest.

– Loan facility is also available.

If you need money in between, you can take a loan of up to 50% of your investment after completion of one year of the account and depositing 12 installments. The interest rate on this loan will be – RD interest rate + 2%.

Why is this scheme special?

– Government backed and safe
– Guaranteed returns with fixed interest rate
– Opportunity to create a big fund with small investment –
Option to carry forward the account after maturity
– Loan facility available on investment

The post How to get ₹ 15 lakh in 5 years from Post Office RD scheme, see step-by-step calculation first appeared on Rightsofemployees.com.

In this scheme, the investor gets 6.7 percent annual interest, which is compounded on a quarterly basis. The account can be started with a minimum deposit of ₹ 100 every month and there is no maximum investment limit in it. With government guarantee and fixed returns, this scheme is becoming popular among small investors.

What is Post Office RD?

Post Office’s 5-year Recurring Deposit – RD scheme is a safe investment option, in which you can make a good saving by depositing a small amount every month. This scheme is considered especially beneficial for small investors.

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Interest rates and deposit amounts

• Interest Rate : 6.7% per annum (quarterly compounding) – Applicable from 1st January 2024
• Minimum Monthly Deposit : ₹100 (in multiples of ₹10)
• Maximum Limit : No Upper Limit

Who can open an account?

• Any adult person
• Joint account (maximum 3 adults)
• Guardian for a minor or mentally incompetent person
• Child of age 10 years and above in his/her own name – One person can also open multiple accounts

How is interest calculated

A special formula is used to calculate compound interest on Post Office Recurring Deposit (RD).

Formula to calculate interest on RD

M = R × {(1 + i)ⁿ – 1} / (1 – (1 + i)^(-1/3))

In this formula:

M = Total amount received on maturity

R = Amount to be deposited every month (monthly installment)

n = Total deposit period (in months)

i = Interest rate / 400 (since interest is compounded quarterly, 12 months is divided into 4 quarters)

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How much fund will you get in 5 years from ₹10,000 monthly deposit? See calculation

If a person deposits ₹10,000 every month in the Post Office RD scheme, then the total deposit amount in 5 years i.e. 60 months will be ₹6 lakh. With an annual interest rate of 6.7% (on a quarterly compounding basis), this amount will fetch an interest of around ₹1,13,659. That is, a total amount of ₹7,13,659 will be received on maturity.

To understand this calculation, see below:

• Monthly Deposit : ₹10,000
• Total Deposit Tenure : 5 Years (60 Months)
• Total Investment : ₹6,00,000
• Interest received : ₹1,13,659
• Maturity Amount : ₹7,13,659

Rules for depositing money

• Account can be opened by cash or cheque
• If the account is opened between 1st to 15th, then installment has to be deposited by 15th of every month
• If the account is opened between 16th and end of the month, then deposit has to be made by last working day of every month

What happens in case of default?

• A penalty of ₹1 will be charged for every defaulted month for every ₹100 installment
• If installments are not deposited for 4 consecutive months, the account will be discontinued
• The account can be reactivated within 2 months
• If the defaults are less than 4, the account can be kept active for an extended period of time and outstanding installments can be deposited

Facility to deposit advance in one go

• If the account is not closed, you can pay installments for up to 5 years at a time
• On monthly deposit of ₹100
  • ₹10 discount on 6 months advance deposit
  • ₹40 discount on 12 month deposits
• This deposit can be made at the time of opening the account or at any time thereafter
  

Loan facility

• If 12 installments have been deposited in the account and the account is regular, then
  • You can avail loan up to 50% of the total deposit amount
  • Interest on loan: RD interest rate + 2%
  • The loan can be repaid in lump sum or in monthly installments
  • If the loan is not repaid on time, the loan amount and interest will be deducted from the maturity amount

Rules for closing the account before time

• The account can be closed after completion of 3 years
• But if the account is closed before maturity, only the Post Office Savings Account interest rate will be applicable
• Account cannot be closed before the advance deposit period

Facility of maturity and extension

• The account is for a tenure of 5 years (60 months)
• It can be extended for another 5 years
• Account can be closed any time during the extension
  • Interest at RD rate for full year
  • Interest at savings account rate for incomplete year
• After maturity, the account can be maintained for 5 years without depositing any amount
  

On the death of the account holder

• The nominee or legal heir can receive the amount by submitting the claim form at the post office
• They can also continue the account for the original period if they wish

Why is this plan beneficial for you?

If you want to save ₹100 or more every month and earn safe returns, then this scheme is ideal for you. This is a government scheme in which the interest is fixed, there is loan facility and the risk is very low.

The post Post Office RD Scheme: ₹10,000 monthly deposit will create a guaranteed fund of ₹7 lakh in 5 years first appeared on Rightsofemployees.com.

Post Office RD Scheme

Post Office RD scheme is a very special scheme. In this scheme, you can invest a little every month and collect a huge fund. In this, you can start your investment with just Rs 100. The Post Office RD scheme gives a return of 6.7 percent interest rate. This scheme matures in 5 years.

Invest Rs 2000 every month in RD scheme

If you invest Rs 2000 every month in the post office RD scheme, you will invest a total of Rs 1,20,000 in 5 years. In this case, you will get a total of Rs 1,42,732 on maturity. Out of this, only Rs 22,732 will be your interest.

Invest Rs 3000 every month in RD scheme

If you invest Rs 3000 every month in the post office RD scheme, you will invest a total of Rs 1,80,000 in 5 years. In this case, you will get a total of Rs 2,14,097 on maturity. Out of this, only Rs 34,097 will be your interest.

Invest Rs 5000 every month in RD scheme

If you invest Rs 2000 every month in the Post Office RD scheme, you will invest a total of Rs 3,00,000 in 5 years. In this case, you will get a total of Rs 3,56,830 on maturity. Out of this, only Rs 56,830 will be your interest.

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Also, there is no fear of losing money in these schemes because the post office schemes are government schemes. The returns received in these are also fixed.

If you do not have money to invest in the post office scheme, then there are schemes being run by the post office in which you can earn profit by investing a little every month. Along with this, you will also accumulate funds. One such scheme is the Post Office Recurring Deposit (RD) scheme.

Post Office Recurring Deposit (RD)

You can invest a little bit every month in the Post Office Recurring Deposit (RD) scheme. In this scheme, you can start investing with just Rs 100 every month. In this scheme, you get interest at the rate of 6.7 percent. The maturity period of this scheme is 60 months i.e. a full 5 years.

Investing like this will give you a profit of up to Rs 80,000

If you invest Rs 7,000 every month in the Post Office RD scheme for the entire 5 years, then you will invest Rs 4,20,000 in this scheme in 5 years. After 5 years, you will get a total return of Rs 4,99,560. Out of this, Rs 79,560 will be your interest only.

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But if you invest in RD, then on maturity this scheme returns the money along with interest. This scheme is very good for those people who invest by making small savings and do not want to take any kind of risk on it.

If you are also thinking of investing in RD, then you can invest money in Post Office RD. Investment is made in this scheme for 5 years. If you save Rs 100 every day and invest in it, then Rs 2,14,097 will be added in 5 years. You can use this amount anywhere as per your need.

This way ₹2,14,097 will be added

If you add Rs 100 every day, you will add Rs 3,000 in a month. In this way, you can invest Rs 3,000 every month in the RD scheme of the post office. At the rate of Rs 3,000, you will deposit Rs 36,000 annually. In this way, you will invest a total of Rs 1,80,000 in 5 years. Currently, this scheme is getting 6.7% interest. According to this, in 5 years you will get Rs 34,097 as interest and on maturity you will get Rs 2,14,097. In this way, you will add a good amount with small savings and you will not even realize it. According to the information available on the post office website, an RD account can be opened in the post office with Rs 100, while there is no maximum limit of investment in it.

You can also get RD extended

If you want to avail the benefits of RD even after 5 years, you can extend it for another 5 years. The same interest rate will be given in the extended account which was applicable at the time of opening the account. The extended account can be closed anytime during the extension. In this, the interest rate of RD account will be applicable for full years and interest will be given as per savings account for years less than one year. For example, if you close the extended account after 2 years and 6 months, then you will get interest at the rate of 6.7 percent for 2 years, while on the amount of 6 months, you will get interest at the rate of 4% i.e. as per post office savings account.

Rules for closing the account before maturity

If needed, you can close the Post Office RD even before 5 years. You get this facility after three years from the date of opening the account. But if you close the account even a day before the maturity period, then you are given interest equal to the Post Office Savings Account. Currently, 4% interest is being given on Post Office Savings Account.

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The post Post Office RD Scheme: By saving ₹100 every day, you will earn ₹2,14,097 in 5 years – Key Details Inside first appeared on Rightsofemployees.com.

The name of this scheme of the post office is Recurring Deposit Scheme. You get many great benefits by investing in this scheme. The most important thing is that your money invested in this scheme is completely safe. By investing in it, you will not have to face the dangers of any kind of market risks. In the Recurring Deposit Scheme of the Post Office, you do not have to invest a lump sum amount. In this scheme, you have to invest a fixed amount every month and you get a return on it. In this episode, let us know about this scheme in detail –

The post Post Office RD: By depositing Rs 7 thousand every month, get Rs 4,99,564 on maturity. check details first appeared on Rightsofemployees.com.

The name of this scheme of the post office is Recurring Deposit Scheme. You get many great benefits by investing in this scheme. The most important thing is that your money invested in this scheme is completely safe. By investing in it, you will not have to face the dangers of any kind of market risks. In the Recurring Deposit Scheme of the Post Office, you do not have to invest a lump sum amount. In this scheme, you have to invest a fixed amount every month and you get a return on it. In this episode, let us know about this scheme in detail –

Investing in the Post Office Recurring Deposit Scheme currently offers an interest rate of 6.7 percent. You can invest in the Post Office RD Scheme for 5 years. However, you can extend this scheme for another five years.

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You can invest a minimum of Rs 100 in this post office scheme. However, the maximum investment amount limit has not been fixed. In this scheme, you get the benefit of compounding interest.

If you invest Rs 7,000 every month in the Post Office RD scheme, then you will be able to invest a total of Rs 4,20,000 in five years. If we calculate on the basis of the current interest rate of 6.7, then you will get around Rs 79,564 as interest on your investment in five years. In this way, you will have collected around Rs 4,99,564 after five years.

After this, if you extend the RD scheme for another five years, in this situation you can collect a fund of about Rs 12 lakh. Apart from a single account, you can also open a joint account of three people in this post office scheme.

The post Post Office RD Scheme: By investing just 7,000 rupees you can collect 12 lakhs in a few years first appeared on Rightsofemployees.com.

At present, many schemes are running on behalf of the post office. By investing in which you can earn good profit. If you are also interested in investing in the post office, then the RD scheme of the post office can be a good option for you. If you invest in it, then you can get very good returns.

RD Post Office Savings Scheme

RD Post Office Savings Scheme is one of the popular schemes run by the post office. You can get good benefits by investing in it every month. This scheme gives benefits at a very good interest rate. If you invest in this scheme, then you have to invest in it every month for 5 years.

When this period is completed, the benefit of maturity is given by the post office. To invest in this scheme, your age should be 18 years or more. You can start investing in the post office with only Rs 500. There is no maximum investment limit in this. If you invest in this scheme, you can get interest rates of about 6.70%. In this, the interest rate is calculated on a quarterly basis but it is paid on an annual basis.

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Benefits of RD investing:

• Loss free: Post office is a government run scheme, hence your deposits are completely safe in it.
• Savings: RD allows you to deposit a fixed amount every month, which helps in developing the habit of regular savings.
• Interest Rates: The interest rates offered in RD give better returns than other savings schemes in the market.
• Tax Benefits: Interest earned on RD is completely tax-free under Section 80TTA of the Income Tax Act, 1961.
• Freedom of choice: You can choose the deposit amount and deposit period as per your needs.
•  Loan Facility: You can avail a loan against your deposits.
• Planning: RD helps you set aside money for all your financial plans.

Documents required to invest in RD scheme

1. Form for opening a post office account (you can get it from your nearest post office)

2.Two passport size photographs (with signature)

3. For address and identity proof: Aadhaar Card, Passport, PAN Card, Form 60 or 61 under section 60 or 61 of the Income Tax Act, 1961, Driving License, Voter ID Card, or Ration Card (any one of these)

4. Identity proof for verification while opening account.

5. While opening the account you have to select a nominee. The nominee is the person who will receive the money in your account in case of your death.

How much profit can be made on an investment of Rs 3000

If you invest Rs 3000 every month in the Post Office RD scheme, then a good amount gets accumulated in the next 5 years. In the next five years, Rs 18,00,00 gets accumulated. On which if you get an interest rate of 6.7%, then your interest amount becomes around Rs 34,097. In this way, when the period of 5 years ends, you have a total of Rs 2,14,097 deposited with you.

The post Post Office RD: You can invest Rs 3000 every month and get Rs 2,14,097 on maturity. Details Here first appeared on Rightsofemployees.com.

Post Office RD Scheme

We are talking about the RD scheme of the post office. Many people have deposited lakhs of rupees in this recurring deposit scheme. In today’s time, this is the best option to get good returns. In this RD scheme, you can open an account for 5 years. Let us know how much interest is being given in this scheme….

Now you will get this much interest

Now talking about the interest rate of this post office RD, it is getting 6.7 percent annual interest. Earlier, 6.50 percent interest was available on 5-year RD account. In such a situation, the government had increased this post office scheme by 20 basis points. This increase was done in the middle of December 2023.

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You will get this much on depositing Rs 4,000

As you know, in this scheme, you have to deposit some money every month, and after 5 years you get a lump sum amount on maturity. If you open an account in RD by investing Rs 4,000 every month, then you will invest a total of Rs 2,40,000 in 5 years. At the rate of 6.7 percent interest on this deposit, you will get Rs 2,85,463 on maturity. Out of which Rs 45463 will be earned only from interest.

The interest rate changes every three months

For your information, let us tell you that the interest rates of all small savings schemes are changed by the central government. If you also invest in this recurring deposit (Post Office Scheme), then you can get good returns. TDS is deducted on the interest received on RD. TDS of 10% is applicable on the interest rates received on RD. If the interest on RD for one month is more than Rs 10,000, then TDS will be deducted.

Loan is available on RD

If you need money in between then you can also take a loan on this RD account. You will be given a loan of 50% of the total deposit amount. This will be given to you after 3 years of RD (Post Office Scheme).

The post Post Office RD Scheme: If you deposit ₹4,000, you will get ₹2,85,463 after so many years first appeared on Rightsofemployees.com.

Recurring Deposit (RD) is a very popular scheme among the savings schemes of the post office, in which bumper returns can be obtained by depositing money on a monthly basis. People are given strong interest on investing in this scheme. Investing in it is very easy, safe and reliable. The special thing is that if you invest in the stock market or schemes of any other financial companies, then the chances of your money sinking are high. On the other hand, if you invest money in this scheme of the post office, then the chances of sinking are less. Let us know about the Post Office Recurring Deposit Scheme.

How much interest do you get

If you want to invest in RD of Post Office Schemes , then you should also get information about the interest you get on investing in it. The central government has currently increased the interest rate on investing in the Post Office Recurring Deposit Scheme. After investing in this scheme, the investor is paid interest at the rate of 6.7 percent. Along with this, depositing a fixed amount in this scheme gives excellent returns on the maturity date.

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How much return will you get on an investment of Rs 3000

Now if you deposit Rs 3000 every month in the post office RD scheme for 5 years, then during these 5 years, about Rs 1,80,000 will be deposited in your account. Now if interest is paid on this deposit at the rate of 6.7 percent, then the interest amount will be Rs 34,097. This means that if you deposit Rs 3000 every month for 5 years, then on the maturity date you will get a total of Rs 2,14,097.

How to calculate interest rate

According to Policybazaar.com, if someone deposits Rs 7000 every month in the Post Office RD scheme for 5 years, then his total deposit amount will be Rs 4,20,000. Now he will get interest of about Rs 77,400 on this deposit at the rate of 6.7 percent in 5 years. After this, about Rs 4,97,400 will be paid on the maturity date. The formula given below is used to calculate the interest rate.

• Monthly deposit, R = Rs. 7,000

• Tenure of RD = 5 years

• Total number of quarters in the tenure, n = 5 years X 4 quarters

• = 20 years

• Interest rate at the time of joining RD = 6.7% p.a.

• Therefore, i = 6.7/400 = 0.01675

So, the maturity amount at the end of 5 year tenure will be:

• M = R x [(1 + i) x n – 1] / 1 – (1 + i) (-1 / 3)

• Maturity amount = 7,000 x [(1 + 20) x 20 – 1] / 1 – (1 + 0.01675) (-1/3)

• Maturity amount = Rs. 4,97,400

The post Post Office RD Scheme: By depositing Rs 7000 every month, you will get Rs 4,97,400 on maturity date first appeared on Rightsofemployees.com.

Post Office RD is a 5 year scheme. At present, interest of 6.7 percent is being given in this. But do you know that you also get the facility of loan under the Post Office RD scheme. If you suddenly need money and do not see any way, then instead of breaking any of your schemes, you can fulfill the need of money by taking a loan from Post Office RD. Know here what are the terms and conditions regarding loan on Post Office RD.

If you deposit 12 consecutive installments in the five-year recurring deposit scheme of the post office, then you get the loan facility. That means, to avail this facility, you will have to deposit the amount continuously for at least one year. After one year, you can take a loan up to 50 percent of the amount deposited in your account. You can pay the loan amount in lump sum or in equal monthly installments. 

What is the interest rate?

Interest on the loan amount will be applicable at 2% + RD interest rate applicable on RD account. Interest will be calculated from the date of withdrawal to the date of repayment. If you do not repay the loan on time after taking it, then when the RD matures, the loan amount along with interest will be deducted from it. To avail the facility of loan against RD, you have to fill the application form along with the passbook and submit it to the post office.

Other benefits of Post Office RD

• Post Office RD can be opened with Rs 100, this is an amount which anyone can easily save. There is no maximum investment limit in this.
• You get the benefit of compounding interest on Post Office RD. Interest is calculated every quarter. In such a situation, you get a good profit in the form of interest in 5 years.
• A person can open any number of accounts 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 also.
• The maturity of 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.

The post Post Office RD: You can also take loan against Post Office RD, know what are the rules first appeared on Rightsofemployees.com.

At present, a post office scheme is proving to be a big hit among investors. This post office scheme is getting strong returns on investment of 5 years. The government has also increased the interest on it for this quarter. Investors are getting 6.5 percent interest in this post office scheme. We are talking here about getting a hefty return on investment for another 2 years in the Post Office Recurring Deposit (RD) scheme of the Post Office.

You will get so many lakhs on the investment of 10 thousand

Let us tell you that according to the post office RD scheme, if an investor invests Rs 10,000 every month in this scheme, then he will get Rs 7,10,000 after 5 years. He will deposit Rs 6 lakh in five years and will get Rs 1 lakh 10 thousand as interest.

Money has to be deposited by this date

If you open RD account in post office between 1st to 15th then you have to invest by 15th of every month. On the other hand, if the account is opened on the 15th, then after the 15th the money will have to be deposited by the end of the month.

The new interest rates have come into effect from July 1.

The new post office interest rates have come into effect from July 1. The benefit of annual interest is available in this scheme. However, it is calculated on a quarterly basis. The government fixes its interest rates at the beginning of every quarter. The post office recurring deposit scheme is for 5 years. It can then be extended for another five years.

The post Post Office Scheme: Rs 10,000 will be given in the post office scheme, you will get 7 lakhs, know how ? first appeared on Rightsofemployees.com.

There are many schemes available for investment in the post office. If you invest even a small amount monthly in the post office, you can get guaranteed returns in a few years. One such scheme is Recurring Deposit. In this you can start investing from Rs.100 only.

Recently, the government has increased the interest on recurring deposits from 6.2 per cent to 6.5 per cent. The amount with which you start the RD, you have to invest the same amount every month till it matures. Let us tell you that if you start a monthly RD with an amount of 2 thousand, 3 thousand or 4 thousand rupees, then how much amount you will get on maturity.

You will get Rs 2,12,972 on a recurring deposit of Rs 3,000.

If you deposit Rs 3,000 every month in a recurring deposit, then you will deposit Rs 36,000 annually. If you make a recurring deposit of 5 years, then you will deposit around Rs 1,80,000. You will get an interest of Rs 32,972 on this i.e. you will get Rs 2,12,971 on maturity.

You will get Rs 2,83,968 on a recurring deposit of Rs 4,000.

If you deposit Rs 4,000 every month in a recurring deposit, you will deposit Rs 48,000 annually. If you make a recurring deposit of 5 years, then you will deposit around Rs 2,40,000. You will get an interest of Rs 43,968 on this i.e. you will get Rs 2,83,968 on maturity.

The post Post Office RD Scheme: You will get Rs 2,12,972 on a recurring deposit of Rs 3,000, check full details first appeared on Rightsofemployees.com.

In today’s time, there are many such schemes, where even if you invest a small amount monthly, you can get guaranteed returns in a few years. One such scheme is Recurring Deposit (RD). RD has been trusted by the people for a long time. In this you can start investing from 100 rupees also.

The amount with which you start the RD, you have to invest the same amount every month till it matures. For RD, you can open account bank or post office anywhere. You can open RD account in banks for one year, two years or for any time according to you, but Post Office Recurring Deposit Account opens for 5 years. At present, interest is being received at the rate of 5.8 per cent on post office RD. Let us tell you that if you start a monthly RD with an amount of Rs 1000, 2000, 3000 or 5000, then how much amount you will get on maturity.

On investment of Rs 1000

According to RD Calculator, if you invest Rs 1000 in Post Office RD every month, then you will invest a total of Rs 12,000 in a year and in 5 years you will invest Rs 60,000. In this case, in 5 years, you will get a total of Rs 9,694 as interest according to 5.8 and on maturity you will have a total of Rs 69,694.

On investment of Rs 2000

On the other hand, if you invest Rs 2000 every month in Post Office RD, then you will have to spend Rs 24,000 in a year. In this way you will invest Rs 1,20,000 in 5 years. In 5 years, you will get a total of Rs 19,395 as return. Accordingly, you can add Rs 1,39,395 till maturity.

On investment of Rs.3000

On the other hand, if you invest Rs 3000 every month in RD for 5 consecutive years, then you will invest Rs 36,000 in one year and in 5 years you will invest a total of Rs 1,80,000. You will get Rs 29,089 as interest on your total investment and you will get Rs 2,09,089 on maturity.

On investment of Rs 5000

Similarly, if you invest Rs 5000 every month, then you will invest Rs 60,000 in a year and in 5 years you will invest a total of Rs 3,00,000 in RD. According to the annual interest of 5.8 percent, you will get a total of Rs 48,480 as interest and you will get a total of Rs 3,48,480 on maturity. In this way, even by investing a small amount, you can raise a substantial amount for yourself in 5 years.

The post Post office RD Scheme: Depositing 1000, 2000, 3000 and 5000 rupees every month in post office RD account, how much will be the return on maturity? know here first appeared on Rightsofemployees.com.

In this article, we will know that how much money will be received by depositing 1000 rupees every month in post office RD? After this, you will also know how much you will get by depositing 2000, 3000, 4000, 5000 or 10000 every month in the post office RD. At the end of the article, we will also share some important information about the post office RD account.

How much will you get after depositing Rs 1000 in post office RD?

By depositing Rs 1000 every month in the post office RD account, you will get Rs 69697. In this , the calculation of your total deposit and interest is as follows –

Every month you will deposit in Post Office RD- 1000 rupees

In 1 year the total accumulated by you will be- Rs 12,000
The total amount deposited by you in 5 years is- Rs 60,000
At the rate of 5.8%, the total interest on this will add up to- Rs 9,697
After 5 years you will get back your total deposit and interest together- Rs 69697

It is clear from this table that by depositing Rs 1000 in post office RD every month, you get a total of Rs 69697. You will get this amount on completion of the maturity period of 5 years.

How much will you get after depositing Rs 2000 in post office RD

By depositing Rs 2000 every month in the Post Office RD scheme, you will get Rs 139393. Its accounting will be done in this way-

You have to deposit every month in Post Office RD 2000 rupees

In one year you will accumulate- Rs 24000
Your total deposit in 5 years will be Rs 1,20,000
Total interest will be added according to 5.8% Rs 19,393
After 5 years you will get total money Rs 1,39,393
It is clear from this calculation table that by depositing Rs 2000 in post office RD every month, you get back a total of Rs 1 lakh 39 thousand 393. You will get this entire amount on the maturity of the account after 5 years.

How much will you get after depositing 3000 rupees a month in post office RD

By depositing Rs 3000 every month in the Post Office RD scheme, you will get Rs 2,09,090 back. In this, the calculation of total deposit and interest will be as follows-

You have to deposit every month in Post Office RD 3000 rupees

In 1 year you will deposit total- Rs 36000
In 5 years you will deposit total- Rs 1,80,000
According to 5.8%, the total interest will be made on this- Rs 29,090
After 5 years you will get total money back- Rs 2,09,090
This is clear from this calculation table. That in post office RD, depositing Rs 3000 every month, after 5 years you will get a total of Rs 2 lakh 9 thousand 90.

How much will you get after depositing Rs 5000 a month in post office RD

By depositing Rs 5000 every month in the post office RD account, you will get a total of Rs 3,48,484 back.

Every month you have to deposit in post office RD- 5000 rupees

In 1 year your deposit will be- Rs 60,000
In 5 years, the total accumulated by you will be- Rs 3,00,000
At 5.8%, the total interest on your deposit would be- Rs 48,484
After 5 years, adding your total deposit and interest, you will get- Rs 3,48,484
In this calculation table, you can see that by depositing Rs 5000 every month in Post Office RD, you get back a total of Rs 3 lakh 48 thousand 484. You get this amount as soon as the account matures after 5 years.

How much will you get after depositing Rs 10000 in post office RD?

By depositing Rs 10000 every month in Post Office RD, you will get a total of Rs 6,96,967. In this, the calculation of your deposit and interest will be as follows-

In Post Office RD, every month you will deposit- Rs 10,000

After 1 year your deposit will be- Rs 1,20,000
Your total deposit in 5 years will be- Rs 6,00,000
According to 5.8% total interest will be added on this- Rs 96967
After 5 years, your total deposit + total interest will be returned by adding- Rs 6,96,967
In this calculation table, you can see that by depositing Rs 10,000 every month in Post Office RD, you get back a total of Rs 6 lakh 96 thousand 967.

Important information about post office RD account

You can open the account of Post Office RD Scheme (Recurring Deposit) in any post office branch. In this, you have to deposit equal amount of money every month for 5 years. Other account terms and conditions are as follows-

How much money can be deposited in post office RD account?

In the post office RD scheme, you can start an account by depositing as little as Rs 100. That is, you can also deposit the minimum installment of Rs 100 per month. On top of this, any large amount can be deposited in multiples of 10. Just keep in mind that every month for 5 years you have to deposit equally.

How much interest do you get on Post Office RD?

Currently (in February 2023) interest is being received at 5.8% per annum on the post office RD account. The government announces its new interest rate before every quarter. In the interest rates of government schemes implemented from January 2013, the interest rate of 5.8% per annum has been kept on the post office RD.

Who can open Post Office RD Account?

Any adult person (18 years) can open a post office RD account in his name. Joint account can also be opened by 2 or 3 persons together.
An account can also be opened in the name of the child on behalf of his guardian. The guardian will have the right to operate the account till the child attains majority.
A child above the age of 10 years can open a post office RD account in his own name if he can put an identical signature and operate the account with his signature.
Any number of RD accounts can be opened in the name of a person. Any amount can be deposited and kept in each account.

The post Post Office RD Scheme: How much will you get by depositing 1000, 2000, 3000, 5000 or 10000 every month in post office RD first appeared on Rightsofemployees.com.

With this, after maturity, you will get a lot of profit. This scheme of the postal department can give you better returns on a little investment. This scheme can be easily taken from any post office. Through the post office RD scheme, you can get better returns with less investment. Money is going to be completely safe in this investment. You can also invest 100 rupees a month in this scheme.

There is no limit on the amount of investment. You can invest as much as you want in this scheme. This post office scheme gives better interest. At the same time, its installments are also small.

This much interest will be received on RD

Post office RD account is opened for five years. It cannot be opened for a short time. In this, interest is calculated on the deposited money every three months. It is added to the interest along with compound interest in your account at the end of every three months. According to the post office scheme, 5.8 percent interest is available on the RD scheme.

How much profit

As an example, if any investor invests ten thousand rupees every month and this process continues for ten years, then he will get an amount of more than 16 lakhs on maturity. If seen in this way, in ten years an investor can get a good amount from a small investment.

The post Post Office Super RD Plan: Postal Department’s RD will give big profit, earn lakhs in small investment first appeared on Rightsofemployees.com.