What will be the maturity amount if you deposit ₹5555 per month in Post Office’s 5-year RD scheme? – India TV Hindi.

Recurring Deposit Scheme of Post Office is quite popular. It is easy to open an account and start with a small amount.

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Currently, the 5-year recurring deposit i.e. Post Office’s RD scheme is offering an interest rate of 6.7% per annum.

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On this basis, when you deposit Rs 5555 per month in the RD scheme, as per the calculation, the maturity amount after five years will be Rs 3,96,439.

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Out of this total maturity amount, your investment amount will be Rs 3,33,300, while your return in the form of interest will be Rs 63,139.

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If you want, you can opt out of this RD scheme after three years but then you will only get the interest applicable on the savings account. That means you will get less interest. Therefore, it is wise to stick to it.

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