Post Office RD Scheme: There are many investment options available today. But when it comes to safe investment, the post office scheme is the first choice of the people. Today in this article we are going to tell about one such scheme. Which is giving strong returns on deposits. You can get strong returns by investing in this post office scheme. If you are also thinking of investing in this scheme, then we know about this scheme in detail.
Know what percentage of interest is being received
The government decides the interest rates of Post Office Small Savings Scheme on a quarterly basis. The interest rates of this small savings scheme have been fixed by the government. In such a situation, the government has fixed the interest rates of the post office’s 5-year RD scheme at 6.70 percent. Earlier it was 6.50 percent. In this case, a total increase of 20 bps has been made. These rates are applicable from October last year.
You will get this much interest on investing Rs 5,000 on RD
In an RD of Rs 5,000 every month, you will invest Rs 60,000 in one year and a total of Rs 3,00,000 in five years. You will get Rs 56,830 as interest at the rate of 6.7 percent after 5 years. You will get Rs 3,56,830 on maturity. If you invest Rs 3,000 in RD every month, you will invest Rs 36,000 in a year. Your total investment in 5 years will be Rs 1,80,000. According to the post office RD calculator, according to the new interest rates, you will get Rs 34,097 as interest. You will get a total of Rs 2,14,097 on maturity.
Facility to take loan is available
Under the RD scheme of the post office, customers get loan facility against the deposited amount. In this, you can take 50 percent of the total amount as loan. Keep in mind that the loan can be taken after 3 years and its interest rate is only 2 percent more than the interest rates of RD scheme.
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