Post Office RD: If you invest Rs 5,000 in this program, you would get earnings of Rs 2.5 lakh when it matures

Post Office RD: If you invest Rs 5,000 in this program, you would get earnings of Rs 2.5 lakh when it matures

Post Office RD: If you invest Rs 5,000 in this program, you would get earnings of Rs 2.5 lakh when it matures

Post Office RD: By investing this money in the Post Office as well, you may easily create a fund worth lakhs. Since the first, interest in Post Office RD has grown.

Post Office Scheme: You don't need to worry at all if you wish to save Rs 5,000 every month but are unsure about where to put the money to use. You may invest this money at the post office as well, and you can quickly build up a fund worth lakhs. Since the first, interest in Post Office RD has grown. The government has raised the Small Savings Scheme's interest rates.

How much would you profit from investing Rs 5,000 per month in Post Office RD, let us explain you?

You may begin with only Rs 100.

By the way, you just need Rs 100 to begin investing in Post Office RDs (PORD). There is no maximum restriction in RD other than this. You may double your investment by ten rupees.

After five years, there would be a profit of Rs 56,830.

For instance, if you deposit Rs 5000 a month at the post office, you would get around Rs 3,56,830 when the program matures in five years. You would be investing a total of Rs 3 lakh in this. The government would also pay interest in the amount of Rs 56,830.

earning Rs 2.5 lakh over a ten-year period from interest

You would get Rs 8,54,272 at maturity if you continue the Post Office RD for a further five years, or if you invest Rs 5000 monthly in this plan consistently for ten years. The interest income in this case would be Rs 2,54,272.

This information was provided by the Finance Ministry.

Let us notify you that a notice on the rise in interest rates was just released by the Finance Ministry. Interest rates for Post Office RD have gone up by 20 basis points. Customers will now benefit from an interest rate of 6.7 percent instead of 6.5 percent on 5-year FDs from October 1, 2023, until December 31, 2023. Allow us to inform you that these government programs provide the advantage of compound interest.