The post office offers various investment schemes where you can earn good returns. These schemes ensure the safety of your money and provide fixed returns. If you want to earn profits by investing a small amount, you can consider the Post Office Recurring Deposit (RD) scheme. Throughout this article, we will share how investing ₹2000, ₹3000, or ₹5000 monthly can give you surprising returns.
About the Post Office RD Scheme
The Post Office RD (Recurring Deposit) Scheme is a great way to build a significant fund by investing a small amount each month. You can start investing with just Rs 100. The scheme offers an interest rate of 6.7%, and it matures in 5 years.
Monthly Investment of Rs 2000 in RD Scheme
If you invest Rs 2000 every month in the Post Office RD Scheme, you’ll invest a total of Rs 1,20,000 over 5 years. On maturity, you will receive Rs 1,42,732. Your interest earned will be Rs 22,732.
Monthly Investment of Rs 3000 in RD Scheme
If you invest Rs 3000 every month in the RD scheme, you’ll invest a total of Rs 1,80,000 in 5 years. At maturity, you will receive Rs 2,14,097, with Rs 34,097 as your interest.
Monthly Investment of Rs 5000 in RD Scheme
By investing Rs 5000 every month in the RD scheme, you’ll invest a total of Rs 3,00,000 over 5 years. On maturity, you will receive Rs 3,56,830, and your interest earned will be Rs 56,830.
How to Open a Post Office RD Account?
Opening a Recurring Deposit (RD) account in the post office is simple and can be done both offline and online. Follow these steps:
1. Open RD Account Offline (At Post Office Branch)
- Visit your nearest post office.
- Collect the RD account opening form and fill in the required details.
- Submit KYC documents (Aadhaar, PAN, and passport-size photo).
- Deposit the minimum amount (Rs 100 or more) in cash or cheque.
- Your RD account will be opened, and you’ll receive a passbook.
2. Open RD Account Online (India Post Website/App)
- Log in to the India Post eBanking portal (ebanking.indiapost.gov.in).
- Navigate to ‘New RD Account’ under deposit accounts.
- Enter the deposit amount and tenure (5 years).
- Select the fund source (linked savings account) and confirm.
- Your RD account will be activated, and details will be available in your profile.