Post office RD: Very good interest is being received in post office RD at this time. In such a situation, here you can easily create a big fund with RD of Rs 1000 per month. If you also want to do the same, then know here how you can make a big fund.
Post office RD: Very good interest is being received in post office RD at this time. In such a situation, here you can easily create a big fund with RD of Rs 1000 per month. If you also want to do the same, then know here how you can make a big fund. At present, 6.5 percent interest is being given on post office RD. RD in post office is for 5 years. It can be opened in single or joint name. At the same time, a minimum of Rs 100 and a maximum of any amount can be deposited in RD.
According to today’s interest rates, if an RD of Rs 1000 a month is started in the post office, then in 5 years a fund of about Rs 71,000 will be ready. In this, your deposited money will get Rs 60,000 and interest of about Rs 11,000. But if this RD is extended for 5 years, then in 10 years a fund of Rs 1.69 lakh will be ready. During this time your deposit money will be Rs 1.20 lakh and you will get around Rs 49,000 as interest.
On the other hand, if this RD is extended for 5 years, then a fund of Rs 3.04 lakh will be ready in 15 years. During this time your deposit money will be Rs 1.80 lakh and you will get around Rs 1.24 lakh as interest. If this RD is extended for 5 years, then a fund of Rs 4.91 lakh will be created in 20 years. During this time your deposit money will be Rs 2.40 lakh and you will get around Rs 2.51 lakh as interest.
On the other hand, if this RD is extended for 5 years, then a fund of Rs 7.49 lakh will be ready in 25 years. During this time your deposit money will be Rs 3.00 lakh and you will get around Rs 4.48 lakh as interest. If this RD is extended for 5 years, then a fund of Rs 11.04 lakh will be created in 30 years. During this time your deposit money will be Rs 3.60 lakh and you will get around Rs 7.44 lakh as interest.
In this way, you can see that if an RD of Rs 1000 is run for a long time, then a huge fund can be created. Apart from this, almost double the interest can also be received from the deposited money.
