If you make a monthly RD of ₹ 1111 for 5 years in a post office, how much return will you get on maturity?

If you make a monthly RD of ₹ 1111 for 5 years in a post office, how much return will you get on maturity?

If you make a monthly RD of ₹ 1111 for 5 years in a post office, how much return will you get on maturity?

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You can deposit money every month in the Post Office 5-Year Recurring Deposit Scheme. Currently the scheme pays 6.7% annual interest.

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If you deposit Rs 1111 per month in this scheme for 5 years from today, you will get Rs 12,627 as interest on maturity, according to Groww’s Post Office RD Calculator.

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This means that at the rate of Rs 1111 per month, you will invest a total of Rs 66,660 in five years and so on maturity you will get a total of Rs 79,287.

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In the 5-year RD scheme at Post Office, after depositing 12 installments and maintaining the account for 1 year, the depositor can avail loan facility up to 50% of the balance in the account.

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Under the 5-year recurring deposit scheme at the Post Office, you can open as many accounts as you want.

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Next: Know how much to SIP to accumulate Rs 5,00,000

Post Office RD Calculator 2023 Post Office 5 Year RD Interest Rates 2023 Post Office RD Interest Rates 2023 For Senior Citizens

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