The name of this scheme is Post Office Recurring Deposit (RD). In this, you do not worry about the stock market, nor fear of drowning money - deposit a fixed amount only every month and get a hefty amount with great interest on maturity.
Special things of RD Scheme - Why is this scheme of people's first choice?
Government of India operated - That is, money completely safe Fixed return - From the first day you know how much will be found Small savings, big benefits - Can also start from ₹ 100 Big fund in 5 years - Make big returns by depositing a little every month Benefits of interest on interest - Money increases rapidly due to quarterly compounding
What is the interest rate?
Interest Rate on Post Office RD (April-June 2025): 6.7% per year
Interest is Quarterly Compounding
That is, the interest received every three months is also added to the principal.
Now let's see the most important thing - how much will be available in 5 years?
If you deposit ₹ 2000 month:
Total deposit: ₹ 2,000 × 60 = ₹ 1,20,000
Total Interest: ₹ 21,983 (Estimated)
Total amount on maturity: ₹ 1,41,983
If you deposit ₹ 3000 month:
Total deposit: ₹ 3,000 × 60 = ₹ 1,80,000
Total interest: ₹ 32,975 (estimated)
Total amount on maturity: ₹ 2,12,975
If you deposit ₹ 5000 a month:
Total deposit: ₹ 5,000 × 60 = ₹ 3,00,000
Total Interest: ₹ 54,958 (Estimated)
Total amount on maturity: ₹ 3,54,958
Note: Interest is calculated on a quarterly compound basis at the rate of 6.7%. It is estimated, the real amount may be slightly different.
How to open Post Office RD account?
Go to any nearest post office
Fill the recurring deposit (RD) form
Keep documents like Aadhaar, PAN together
Can start with ₹ 100
Submit it on time every month - otherwise a minor penalty may be applied
