Post Office RD : You can easily make a fund worth lakhs by investing this money in the Post Office also. The interest on Post Office RD has increased from 1st.
Post Office Scheme: If you also want to save Rs 5000 every month, but now there is confusion as to where to invest the money, then now you need to take no tension at all. You can easily create a fund worth lakhs by investing this money in the post office also. The interest on Post Office RD has increased from 1st. The interest rates of Small Savings Scheme have been increased by the government.
Let us tell you how much benefit you will get if you invest Rs 5000 every month in Post Office RD?
You can start even with Rs 100
By the way, you can start investing in Post Office RD (PORD) with even Rs 100. Apart from this, there is no maximum limit in RD. You can increase your investment in multiples of Rs 10.
There will be a profit of Rs 56,830 after 5 years
For example, suppose you invest Rs 5000 every month in the post office, then you will get around Rs 3,56,830 in this scheme on maturity after 5 years. Your total investment in this will be Rs 3 lakh. At the same time, Rs 56,830 will be received as interest from the government.
Earning of Rs 2.5 lakh from interest in 10 years
If you extend the Post Office RD for 5 more years i.e. you invest Rs 5000 every month in this scheme continuously for 10 years, then you get Rs 8,54,272 on maturity. In this the interest income will be Rs 2,54,272.
Finance Ministry gave this information
Let us tell you that the Finance Ministry has recently issued a notification informing about the increase in interest rates. Post Office RD interest rates have increased by 20 basis points. From October 1, 2023, to December 31, 2023, customers will now get the benefit of interest rate on 5-year FD at the rate of 6.7 percent instead of 6.5 percent. Let us tell you that the benefit of compounding interest is available in these government schemes.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
