If you are planning to invest then it is not necessary that you invest a huge amount at one go. There are various schemes in which you can invest in small amounts or as per your capacity. What matters is how regular you are in this matter.
In today’s time, there are many such schemes, in which even by investing a small amount monthly, you can get guaranteed returns in a few years. One such scheme is Recurring Deposit (RD). People have trusted RD for a long time. In this you can start investing from 100 rupees.
The amount you start with RD, you have to invest the same amount every month till it matures. For RD, you can open an account anywhere in the bank or post office. You can open RD account in banks for one year, two years or anytime according to your choice, but Post Office Recurring Deposit Account opens for 5 years. At present, interest is being received at the rate of 5.8 percent on the RD of the post office. Let us tell you that if you start a monthly RD of Rs 1000, 2000, 3000 or 5000, then how much amount you will get on maturity.
On investment of Rs 1000
According to the RD calculator, if you invest Rs 1000 every month in post office RD, you will invest a total of Rs 12,000 in one year and Rs 60,000 in 5 years. In this case, in 5 years, you will get a total of Rs 9,694 as interest according to 5.8 and on maturity you will have a total of Rs 69,694.
On investment of Rs 2000
On the other hand, if you invest Rs 2000 every month in post office RD, then you will have to spend Rs 24,000 in a year. In this way you will invest Rs 1,20,000 in 5 years. In 5 years, you will get a total of Rs 19,395 as a return. Accordingly, you can add Rs 1,39,395 till maturity.
3000 on investment of Rs.
On the other hand, if you invest Rs 3000 every month in RD for 5 consecutive years, then you will invest Rs 36,000 in one year and a total of Rs 1,80,000 in 5 years. You will get Rs 29,089 as interest on your total investment and on maturity you will get Rs 2,09,089.
On investment of Rs 5000
Similarly if you invest Rs 5000 every month then you will invest Rs 60,000 in a year and a total of Rs 3,00,000 in RD in 5 years. According to 5.8 percent annual interest, you will get a total of Rs 48,480 as interest and on maturity you will get a total of Rs 3,48,480. In this way, even by investing a small amount, you can raise a substantial amount for yourself in 5 years.
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