Post Office RD Scheme: There are many types of schemes applicable in the post office. In which investment is done with different periods and different interest rates. Many big schemes like PPF scheme to RD scheme, Sukanya Samriddhi, Kisan Vikas Patra, Mahila Samman Nidhi are applicable in it.
Crores of people in the country invest in post office scheme. Because these are schemes run by the government. There is no risk involved in them. Along with this, the interest rate in them is also very high. Let us know today if you deposit Rs 1100 per month in RD scheme, then how much do you get back in 5 years.
Post Office Recurring Deposit Calculation
The investment period in the post office scheme is 5 years. That is, you get your money back after 5 years. In this, the interest rate of 6.7 percent is currently applicable. And interest is calculated on quarterly basis.
Any person in the country can open an account in RD scheme. A minimum of Rs 100 can be invested in it. There is no maximum limit. And the facility of investment in multiples of Rs 10 is applicable in it. There is a facility to open joint and single account. You can also open a minor’s account with the guardian.
How much will you get on depositing Rs 1100 per month?
There is no limit on investment in RD scheme. You can invest as much as you want. But if Rs 1100 is deposited every month. Then how much benefit will you get for 5 years. Let’s know its calculation. If you deposit Rs 1100, then your total investment in a year is Rs 13 thousand. And your total money deposited for a period of 5 years is Rs 66000.
The current interest rate applicable on this scheme is 6.7 percent. If we calculate the interest rate for 5 years, then the interest amount is approximately Rs 12,502. That is, after 5 years, you can get a total amount of Rs 78,502 by combining your total investment and interest. Let us tell you that this is only an indicative calculation.