How Much Fund Will You Get in 5 Years by Depositing Rs 5000 Every Month in the Post Office RD Scheme? Know the Details

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In today’s times, due to rising inflation, both saving and investing have become essential for people. Many people are looking for investment options where the risk is low and the returns are fixed. The Post Office Recurring Deposit scheme is considered a reliable scheme that fulfills this need. This scheme is especially beneficial for those who want to build a large fund for the future by saving a small amount every month. Government security also provides investors with peace of mind.

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What is the Post Office RD scheme?

A Recurring Deposit (RD) is a savings scheme in which the investor deposits a fixed amount every month. This scheme is useful for those who are not able to invest a large sum at once but want to save regularly. Currently, the Post Office is offering an annual interest rate of approximately 6.7 percent on this scheme. This interest is calculated quarterly on a compounding basis, which results in a better overall return on investment.

How much can you start investing with?

A Post Office RD account can be opened with a minimum monthly deposit of just Rs 100. There is no maximum limit for investment in this scheme. This means that investors can deposit the amount according to their income and needs. This is why this scheme is quite popular among salaried individuals, small business owners, and housewives.

Scheme duration and maturity rules

The total duration of the Post Office RD scheme is 5 years, meaning the investor has to deposit continuously for 60 months. It is mandatory to deposit the installment by the due date every month. If the deposit is missed in any month, there is a facility to deposit it later with a nominal penalty. Upon maturity, the investor receives the total amount, including the deposited amount and the interest earned.

How much money will you get by investing Rs 5000 every month?

If an investor deposits Rs 5000 every month, their total deposit in 5 years will be Rs 3,00,000. After adding the interest earned, you can expect to receive approximately ₹3,56,830 at maturity. This means the investor can earn an additional profit of around ₹56,830. This amount may vary slightly depending on changes in the interest rate.

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Why is the Post Office RD a reliable investment option?

This scheme is considered safe due to government backing. It is not affected by market fluctuations. The investor knows in advance how much money they will receive at maturity. This scheme can be a good option for children’s education, marriage, or any other future needs, big or small. It also helps in developing the habit of regular saving.

About the Author

Rohit P

My name is Rohit Pal, and I have been working in the field of journalism for the past five years. During this time, I have written on a variety of topics, including business, automobiles, technology, and politics. I have worked with several major organizations and am currently working with Timesbull.

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Rohit@timesbull.com Author at TimesBull TimesBull
My name is Rohit Pal, and I have been working in the field of journalism for the past five years. During this time, I have written on a variety of topics, including business, automobiles, technology, and politics. I have worked with several major organizations and am currently working with Timesbull.
Rohit P - Author at TimesBull
About the Author

Rohit P

Rohit P - Author at TimesBull

My name is Rohit Pal, and I have been working in the field of journalism for the past five years. During this time, I have written on a variety of topics, including business, automobiles, technology, and politics. I have worked with several major organizations and am currently working with Timesbull.

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