Post Office Update: People like to invest in post office schemes. You can become a millionaire with its RD scheme. So what will be your total fund after 5 years by investing Rs 10,000 in it?
Post Office Update: In today’s busy life, it has become very important to have a financial safety net. So if small savings are invested in the right place, then a big fund can be prepared. In such a situation, the Recurring Deposit (RD) scheme of the post office is based on this thinking. This scheme is especially beneficial for those people who want to create a strong fund for the future by saving a small amount every month. Secured by the guarantee of the government, this scheme can become a reliable solution for big expenses like medical needs, children’s education or retirement.
What is RD scheme?
Recurring Deposit i.e. RD is such a savings scheme, in which a fixed amount is deposited every month. This money grows gradually with interest and a lump sum amount can be received on maturity. Actually, the RD scheme of the post office is special because it is guaranteed by the government, that is, the risk is very low.
Save ₹ 10,000 a month, get ₹ 7.13 lakh in 5 years
Let us assume that if a person deposits ₹ 10,000 every month in RD for 5 years, then on maturity he will get around ₹ 7,13,659. This fund will include ₹ 6 lakh deposit amount and ₹ 1,13,659 interest, that is, the interest in this scheme is compounded every quarter.
Current interest rate and update
Let us tell you that for the quarter from July to September 2025, the Post Office RD scheme is getting about 6.7% interest annually. By the way, this rate is reviewed and updated by the government every three months, due to which it remains competitive as compared to other savings options.
Loan can be availed after 1 year
After completing one year (12 installments) in the RD account of the post office, you can take a loan of up to 50% of your total deposit amount, this facility provides great relief in emergency. However, keep in mind that the interest rate on this loan will be 2% higher than the interest rate of RD.
Who will get the most convenience?
This scheme is best for salaried employees, small businessmen and daily wage earners. Especially for those who want to save for children’s education, marriage, building a house or retirement with a specific target. Yes, this scheme is for 5 years, but if desired, it can be extended for another 5 years. (Note: This article is for information only and should not be considered as investment advice in any way, suggest consulting financial advisors for investment)
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