New Delhi. The country’s working or middle class likes the postal system very much. With post investment, you get guaranteed returns with certainty. There are many options available for investing in the post office. Investing even a small amount in the post every month can give you a guaranteed return in a couple of years. One such system is recurring deposit. Here you can only start investing from 100 rupees.
Recently, the government increased the interest rate on recurring deposits from 6.2 percent to 6.5 percent. The amount you start the RD with, you must invest in the same amount each month until maturity. Let us tell you how much you will get at maturity if you start a monthly RD with an amount of 2,000, 3,000 or 4,000 rupees.
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1,41,983 will be available for a recurring deposit of 2,000 rupees
If you deposit Rs 2,000 each month as a recurring deposit, you will deposit Rs 24,000 annually. If you make a recurring deposit over a 5 year period, you will deposit Rs 1,20,000. You will receive an interest rate of 21,983 rupees, ie at maturity you will receive 1.41,983 rupees.
Get 2,12,972 rupees for a recurring deposit of 3,000 rupees.
If you deposit Rs 3,000 each month as a recurring deposit, you will deposit Rs 36,000 annually. If you make a recurring deposit over 5 years, the deposit is around 1,80,000 rupees. You will receive an interest rate of 32,972 rupees, ie at maturity you will receive 2,12,971 rupees.
Get 2,83,968 rupees for a recurring deposit of 4,000 rupees
If you deposit Rs 4,000 each month as a recurring deposit, you will deposit Rs 48,000 annually. If you make a recurring deposit over 5 years, you will deposit around 2,40,000 rupees. You will receive an interest rate of 43,968 rupees, ie at maturity you will receive 2,83,968 rupees.
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Tags: tips for making money, post
FIRST RELEASED : July 07, 2023 6:37 PM IST
