Post Office: Post office schemes are the preferred option for the middle class of the country. Guaranteed returns are available in post office schemes. It is safest to invest in it. The post office also offers schemes in which you can earn returns by investing every month.
Post Office: Post office schemes are the preferred option for the middle class of the country. Guaranteed returns are available in post office schemes. It is safest to invest in it. Post office also offers schemes in which you can earn returns by investing every month. You can save some money from your every month budget and invest in this scheme. Post office is offering RD to the customers in which you have to deposit money every month. You get interest on that. You can also save Rs 100 every month in this.
Government recently increased interest
Recently, the central government has increased the interest rate on recurring deposits from 6.2 per cent to 6.5 per cent. The money received on Recurring Deposit does not change at the beginning of the investment. Interest is fixed in this. All you have to do is deposit money every month. Let us know how much money will be received by depositing in RD every month.
You will get this much money for depositing Rs 2,000 every month
If you invest Rs 2000 every month in a recurring deposit, you will get Rs 1,41,983 on maturity. If you invest 2000 rupees every month, then you will invest 24 thousand rupees annually at 66 rupees per day. Which will become Rs 1,20,000 in a period of 5 years. This will give you an interest of Rs 21,983. On maturity you will get a total of Rs 1,41,983.
You will get this much money for depositing Rs 4,000 every month
If you invest Rs 4000 every month in a recurring deposit, you will get Rs 2,83,968 on maturity. If you invest 4000 rupees every month, then you will invest 48 thousand rupees annually at the rate of 133 rupees daily. Which will become Rs 1,20,000 in a period of 5 years. This will give you an interest of Rs 43,968. You will get Rs 2,83,968 on maturity.
