Facebook Instagram Twitter Vimeo Youtube
  • News
  • Fashion
  • Gadgets
  • Lifestyle
  • Video
Search
Logo
Wednesday, July 9, 2025
Facebook
Twitter
Logo
  • Personal Finance
  • Technology
  • Education
  • Jobs
  • Investment
  • Income Tax
  • Travel
More
    Home Personal Finance SIP vs RD: Where will you get more returns if you invest...
    • Personal Finance

    SIP vs RD: Where will you get more returns if you invest ₹5000 for 5 years, know details

    By
    Alok Maurya
    -
    October 18, 2024
    0
    566
    Share
    Facebook
    Twitter
    Pinterest
    WhatsApp
      SIP of ₹5000 will create a fund of Rs 2.13 crore in 25 years - Know the Step-Up formula
      SIP of ₹5000 will create a fund of Rs 2.13 crore in 25 years - Know the Step-Up formula

      SIP vs RD: If you want to open an RD account, you can open an RD account in any bank or post office in the country. The post office is giving an annual interest of 6.7 percent on 5-year RD.

      SIP vs RD: If you are planning to invest a small amount for the next 5 years, then you have many options available. RD i.e. Recurring Deposit and SIP are also two different options for investment. In both these schemes, you have to invest a fixed amount every month. On the one hand, you get a fixed return in RD and there is no risk in it. On the other hand, the return received in SIP is never fixed and there is also a risk of stock market in it. Here we will know where you will get more return by investing Rs 5000 for 5 years.

      How much interest will you get on depositing Rs 5,000 in 5 year RD

      If you want to open an RD account, you can open it in any bank or post office in the country. The post office is giving an annual interest of 6.7 percent on 5-year RD. If you invest Rs 5000 every month in the post office, then your total investment will be Rs 3,00,000 in 5 years. According to the interest rate of 6.7 percent, you will get a total fixed amount of Rs 3,56,830 after 5 years. This includes interest of Rs 56,830.

      - Advertisement -

      How much return will you get from a SIP of Rs 5,000 every month for 5 years

      On the other hand, if you do a SIP of Rs 5000 for 5 years, then here also your total investment will be Rs 3,00,000. If you get an estimated return of 12 percent every year, then after 5 years you can create a total fund of Rs 4,12,432. This also includes your return of Rs 1,12,432. That is, the return in SIP is almost double that of RD. Apart from this, you also get the benefit of compounding in SIP.

      Related Articles:-

      EPFO ​​Members: Good News! Insurance benefits extended under EDLI scheme, know details

      Atal Pension Yojana: Get Rs 5000 pension by save only Rs 7 per day, know scheme details

      Cash Withdraw from Aadhaar Card: How to withdraw cash from Aadhaar card, know full process

       

      - Advertisement -
      • TAGS
      • RD
      • RD Account
      • SIP
      Share
      Facebook
      Twitter
      Pinterest
      WhatsApp
        Previous articleBank of Baroda brings ‘Utsav Deposit Scheme’, know everything about this special scheme
        Next articleSBI or Post Office FD! Where is the higher return on FD, Check interest rates
        Alok Maurya
        https://www.discountwalas.com/
        Alok, has 4 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has pursuing MBA in Finance. He loves to Cycle daily and read books in free time. In case of any complain or feedback, please contact me @ discountwalas@gmail.com

        RELATED ARTICLESMORE FROM AUTHOR

        Airtel Cheapest recharge plan with 84 days validity, unlimited calling for just Rs 469

        Airtel Cheapest recharge plan with 84 days validity, unlimited calling for just Rs 469

        Jio is giving 7 days extra validity and 200GB more data, two years of Amazon Prime Video free

        Jio is giving 7 days extra validity and 200GB more data, two years of Amazon Prime Video free

        Airtel's 3 amazing prepaid plans! OTT benefits like Netflix, JioHotstar and ZEE5 together

        Airtel’s 3 amazing prepaid plans! OTT benefits like Netflix, JioHotstar and ZEE5 together

        EDITOR PICKS

        Airtel Cheapest recharge plan with 84 days validity, unlimited calling for just Rs 469

        July 9, 2025

        Jio is giving 7 days extra validity and 200GB more data, two years of Amazon Prime Video free

        July 9, 2025

        Airtel’s 3 amazing prepaid plans! OTT benefits like Netflix, JioHotstar and ZEE5 together

        July 8, 2025

        POPULAR POSTS

        Airtel Cheapest recharge plan with 84 days validity, unlimited calling for just Rs 469

        July 9, 2025

        Jio is giving 7 days extra validity and 200GB more data, two years of Amazon Prime Video free

        July 9, 2025

        Airtel’s 3 amazing prepaid plans! OTT benefits like Netflix, JioHotstar and ZEE5 together

        July 8, 2025

        POPULAR CATEGORY

        • Personal Finance6255
        • News Update4525
        • Technology1751
        • Government Scheme1428
        • Income Tax489
        • Jobs481
        • Investment275
        • Flipkart Offers220
        Logo

        ABOUT US

        Discountwalas.com is your news, discount, latest offers and much more. We provide you with the latest breaking news and videos straight from the entertainment industry.

        Contact us: discountwalas@gmail.com

        FOLLOW US

        Facebook
        Twitter

        © discountwalas.com 2023 Powered by Izon web pvt. ltd.

        • Home
        • Privacy Policy
        • About Us
        • Authors and Team
        • Contact Us
        • Cookie Policy
        • Correction policy
        • Disclaimer
        • DNPA Code of Ethics
        • Fact-Checking Policy
        • Onwership and Funding
        • Terms of use
        Go to mobile version