Post Office Scheme: The working people and middle class people of the country like the post office scheme very much. Investing in a post office gives you both security as well as guarantee. There are various schemes for post investment but some of them give good benefits to people. You can open a recurring deposit account with even the smallest amount in the post. In which account can be opened by paying only 100 rupees.
What is the current interest rate on recurring deposits?
Currently, the government has increased the interest rate on recurring deposits from 6.2 percent to 6.5 percent. You can open RD with the amount you want to open. You have to pay a fixed amount every month till maturity.
1,41,983 will be available on a recurring deposit of 2 thousand
If you make a recurring deposit of Rs. 2,000, you get Rs. 24,000 will be deposited. If you make a recurring deposit for 5 years, your deposit will be Rs 1,20,000. You will get an interest of Rs 21,983 on this which means you will get Rs 1,41,983 on maturity.
On a recurring deposit of Rs 3,000 you will get Rs 2,12,972
Similarly, if you deposit 3,000 rupees every month in recurring deposit, you will deposit 36,000 rupees a year. And in that if you keep the term for 5 years then around 1,80,000 rupees will be deposited. And on that you will get an interest of Rs 32,972 ie on maturity you will get Rs 2,12,971.
2,83,968 will be received on a recurring deposit of 4 thousand rupees
If you deposit 4 thousand rupees per month in recurring deposit, then 48 thousand rupees will be deposited in one year If you make recurring deposit for 5 years, then you will deposit 2,40,000 rupees. And you will get an interest of Rs 43,968 on that means you will get Rs 2,83,968 on maturity. This way you get interest on the amount you invest, and security as well.
Disclaimer: ABP News does not advise investing in any location. Consult a relevant expert before investing.
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