Post Office RD vs SIP: If you want to invest 5000 rupees every month, then which of the two options post office RD or SIP will prove to be better for you, know about it here.
Post Office RD interest rates have been increased from July 1. Now this government scheme is getting interest at the rate of 6.5 per cent, which was 6.2 per cent earlier. That is, now the post office RD will get more profit than before. Post office RD is for 5 years and it offers guaranteed interest.
But if you want, instead of RD, you can also choose Mutual Fund for investment. Nowadays many people invest money in mutual funds through SIP. In this you get more interest, but how much you will get, it is not guaranteed because this scheme is linked to the market. Let us tell you that in both Post Office RD and SIP, where will you get more profit? So that you can make sure where you should invest.
How much money will be made in RD of ₹ 5000?
Suppose you start an RD of ₹ 5000 every month in the post office, then you will invest ₹ 60,000 in one year and a total of ₹ 3,00,000 in 5 years. According to 6.5, you will get a total of Rs 54,957 as interest on this invested amount. At the same time, at the time of maturity, including the deposit amount and the interest amount, a total of Rs 3,54,957 will be received.
How much profit in SIP of ₹ 5000?
Now talk about SIP, so if you invest ₹ 5000 every month in mutual funds through SIP, then your investment will be the same as you will invest in RD. But the profit will be much better in this. It is generally seen that on an average 12 per cent returns are available in SIP. In this case, on an investment of Rs 3,00,000, you will get Rs 1,12,432 as interest and after 5 years you will get a total of Rs 4,12,432. If you compare in terms of interest, then the interest received in SIP is almost double as compared to RD. If your luck favors you and the profits get better, then the maturity amount can be higher.
Know this also In RD,
If you have started the scheme once, then you have to pay an installment of a fixed amount every month for 5 consecutive years. Out of this, you cannot withdraw the amount before maturity. If needed, you can close it anytime after three years from the date of opening the account. But if you close this account even a day before the maturity period, then you are given interest in it according to the post office savings account.
Whereas in SIP it is not so. If for some reason you are not in a position to invest continuously for 5 years, you can close it anytime and withdraw the amount. In such a situation, whatever amount you have invested in the market through SIP, whatever interest will be made on that amount according to the market, along with that interest, the total amount will be returned. On the other hand, if you want to hold SIP for some time, then you can do that too. After this, you can start it again anytime. In such a situation, if you could not pay the installment in between, then there is no penalty for that.
