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.

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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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