If you are looking for a safe investment with low risk, then the savings schemes of the Indian Post Office can be a great option for you. The post office not only provides postal services, but it also offers many great saving schemes, in which the common man can start investing even with a small amount and earn good profits. Let us know how much return you will get in 5 years if you deposit ₹ 3000 in different schemes of the post office.
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Post Office Savings Account: Interest Rate – 4%
If you deposit ₹ 3000 in a lump sum in the post office savings account and let it remain there for 5 years, then the 4% annual interest on it will give you a total of ₹ 3660. That is, ₹ 660 will be received as interest.
Time Deposit (TD): Interest Rate – 7.5% (5 years)
On the 5-year TD scheme of the post office, you get an interest of 7.5% annually. If you deposit ₹3000, you will get a total of ₹4349 on maturity. This will include ₹1349 as interest.
Monthly Income Scheme (MIS): Interest Rate – 7.4%
Post Office Monthly Income Scheme is beneficial for those who want regular income. An investment amount of ₹3000 will earn an interest of about ₹19 every month. That is, in 5 years you will get ₹1140 interest, and by adding the principal amount of ₹3000, you will get a total of ₹4140.
Recurring Deposit (RD): Interest Rate – 6.7%
If you deposit ₹3000 every month in the RD scheme, you will get a total of ₹2,14,097 after 5 years. In this, ₹1,80,000 will be your own deposit and ₹34,097 will be given as interest.
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