Post Office RD account: You can invest monthly money in the 5-year RD scheme (National Savings Recurring Deposit Account) in the post office.
The National Savings Recurring Deposit Account of the Post Office i.e. the Post Office RD account is currently getting 6.7 percent annual interest (quarterly compounding).
If you deposit ₹2800 every month for 5 years in the Post Office Recurring Deposit Scheme, then according to the calculation, you will get a total of ₹1,99,824.32 on maturity.
In this way, the total investment amount from your side in the Post Office in five years will be ₹1,68,000.
According to the calculation, at the rate of 6.7 percent interest, you will get ₹31,824.32 as a return in return for this investment amount.
You get guaranteed returns on investment in this scheme of the Post Office and your money is also completely safe.
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