Post Office RD Scheme: Deposit Rs 5000 every month, Get profits of more than Rs.8 lakh in very less time


If you deposit 5000 rupees every month in the 5-year recurring deposit scheme of the post office, then after five years you will get a net return of 16%. After ten years, your net return will be more than 35% and you will get Rs 8.13 lakh on maturity.

5 Years Post Office Recurring Deposit Account: There are many post office schemes regarding small saving schemes. Today, we will learn about such a scheme of India Post, in which you can become a millionaire by depositing Rs 5000 every month. This is a 5-year recurring deposit scheme of the post office. At present, annual interest is available at the rate of 5.8 percent. The calculation is done on a quarterly basis. A minimum of Rs 100 can be deposited in this. From 1 April 2020, the government has not made any change in the interest rate. Single and maximum 3 adults together can open this account joint account.

At least 100 rupees have to be deposited every month

At least 100 rupees will have to be deposited every month in the post office recurring deposit account. More than that can be deposited in multiples of 10. If you have opened the account by 15th of the month, then deposit SIP between 1-15 of every month. If the account has been opened after 15th, then deposit the installment from 16th to the last working day of the month. If the deadline is missed, a late fee of Re 1 per month per SIP of Rs 100 will be charged. If the installment is not deposited in any month, then you will have to deposit the amount of that month first. After that you can deposit the amount for the second month.

You will get 8.13 lakhs on depositing Rs 5000.

Suppose you deposit Rs 5000 every month. According to RD Calculator, you will get a total of Rs 3 lakh 48 thousand 480 in the next five years at an interest rate of 5.8 percent. Your deposit amount will be Rs 3 lakh, on which you will get a return of about 16%. According to the rule, this scheme can be extended for 5 years. In this case, after 10 years, you will get a total of 8 lakh 13 thousand 232 rupees. The total deposit amount will be Rs.6 lakh. In this way the net return will be more than 35%.

Loan can be available after 12 months, know the interest rate

If you have a recurring deposit account, then after depositing for 12 months, you also get the facility of loan. The loan amount can be deposited in lump sum or in installments. The loan interest rate will be 2 percent more than the RD return rate. If the loan is not repaid till maturity, the loan amount along with maturity interest will be deducted and the balance will be paid.


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