Post Office RD Scheme: Along with postal services, the post office also provides many excellent banking services to its customers. In the post office, along with ordinary savings accounts, you can also invest in various savings schemes like TD, RD, PPF, MIS. The post office works directly under the control of the Government of India, so every penny you deposit in the post office is completely safe. You can also open RD account in post office. Here we will learn about the RD scheme of the post office. Let us know that if you deposit Rs 3500 every month in the RD scheme of the post office, then how much total money you will get on maturity.
Post office is giving 6.7 percent interest on RD accounts
The post office is giving 6.7 percent annual interest to its customers on RD i.e. Recurring Deposit accounts. In RD accounts you have to deposit a fixed amount every month. You can also deposit at least Rs 100 every month in the RD scheme of the post office. There is no limit on maximum deposit in this scheme. That is, you can invest as much money as you want in this scheme. In the post office RD scheme, you can open a single account as well as a joint account. Maximum 3 people can be included in the joint account.
If you deposit ₹3500 every month, how much money will you get on maturity?
The RD scheme of the post office matures in 5 years i.e. 60 months. On maturity, you can extend it for next 5 years also. If you deposit Rs 3500 every month in the Post Office RD Scheme, then on maturity you will get a total of Rs 2,49,776, which includes your investment of Rs 3500 every month for 5 years and interest of Rs 2,10,000 and Rs 39,776. By depositing Rs 3500 every month for 5 years in the Post Office RD Scheme, you will get a total interest of Rs 39,776.