Today we will tell you about the FD of the post office and the RD i.e. Recurring Deposit (RD) scheme of the post office. We will tell you that if you invest in both these schemes for 5 years, then where will you get more profit? Let us know.

Everyone wants to earn good profit by investing their money but many times people are confused about which type of scheme to invest in or where will there be more profit from investing. Let's talk about the post office scheme. Many types of schemes are offered by the post office, in which you can earn very good profit by investing. All these schemes are government and are also safe.

Today we will tell you about the FD of the post office and the RD i.e. Recurring Deposit (RD) scheme of the post office. We will tell you that if you invest in both these schemes for 5 years, then where will you get more profit? Let us know.

Post Office FD

In Post Office FD, you can invest in FDs of different durations. Interest rates also vary according to the duration. If you invest in Post Office FD for a period of 5 years, then you will get a return at an interest rate of 7.5 percent. If you invest Rs 7 lakh in it, then you will get a total of Rs 10,14,964 on maturity, that is, you will get a total profit of Rs 3,14,964.

Post Office RD Scheme

In the Post Office RD Scheme, you have to invest a fixed amount every month. The maturity period of this scheme is 5 years. At the same time, you get a return at an interest rate of 6.7 percent. If you invest Rs 10,000 every month in the Post Office RD scheme for the entire 5 years, then you will invest a total of Rs 6 lakh, after which you will get a total of Rs 7,13,659 on maturity, that is, you will get a profit of Rs 1,13,659.