Post Office: Everyone should have some means of investment in their life. So that he can get a big amount in future. Similarly, if you also want to earn good money, then invest in RD.

In this scheme (Post Office Scheme), you can invest by saving some money every month and after maturity you can get a fixed return. We are talking about the RD scheme of the post office. Many people have deposited lakhs of rupees in this recurring deposit scheme.

In today’s time, this is the best option to get good returns. In this RD scheme, you can open an account for 5 years. Let’s know how much interest is being given in this scheme, now you will get this much interest Now talking about the interest rate of this post office RD, it is getting 6.7 percent annual interest.

Earlier, 6.50 percent interest was available on 5-year RD account. In such a situation, the government had increased this scheme of post office by 20 basis points. This increase was made in mid-December 2023.

You will get this much by depositing Rs 4,000

As you know, in this scheme some money has to be deposited every month, and after 5 years a lump sum amount is received on maturity.

If you open an account in RD by investing Rs 4,000 every month, you will invest a total of Rs 2,40,000 in 5 years. At the interest rate of 6.7 percent on this deposit, you will get Rs 2,85,463 on maturity. Out of which Rs 45463 will be available only from interest.

Interest rate changes every three months

For your information, let us tell you that the interest rates of all small savings schemes are changed by the Central Government. If you also invest in this recurring deposit (Post Office Scheme), then you can get good returns.

TDS is deducted on the interest received on RD. TDS of 10% is applicable on the interest rate received on RD. TDS will be deducted if interest on RD for a month exceeds Rs 10,000.