The Post Office has always been known for offering secure and government-backed saving schemes that guarantee safe returns. For investors who prefer low-risk investments with assured income, Post Office Recurring Deposit (RD) is one of the most trusted options.
By depositing a fixed amount every month, you can build a good corpus along with interest. Recently, an example of a ₹4,000 monthly deposit shows how you can get a guaranteed return of ₹45,459 as interest along with your maturity amount.
What Is the Post Office RD Scheme?
The Post Office Recurring Deposit (RD) Scheme is a systematic savings plan where investors can deposit a fixed amount every month for a fixed tenure. Currently, the Post Office RD offers an interest rate of 6.7% per annum (compounded quarterly), making it a safe choice for salaried employees, small investors, and people looking for guaranteed returns.
How Much Will You Get on ₹4,000 Monthly Deposit?
If you deposit ₹4,000 every month in a Post Office RD for 5 years, your total investment will be ₹2,40,000. At the current rate of 6.7% per annum, your deposit will earn you ₹45,459 as interest. At the end of maturity, you will receive ₹2,85,459 guaranteed.
Scheme Calculation in Detail
| Particulars | Details |
|---|---|
| Monthly Deposit | ₹4,000 |
| Total Duration | 5 Years (60 Months) |
| Total Investment | ₹2,40,000 |
| Interest Rate | 6.7% p.a. (compounded quarterly) |
| Total Interest Earned | ₹45,459 |
| Maturity Amount (Guaranteed) | ₹2,85,459 |
Why Choose Post Office RD?
The Post Office RD is a perfect option for people who want assured returns with zero risk. Unlike market-linked products like mutual funds or stocks, this scheme guarantees fixed returns as it is fully backed by the Government of India. It is also flexible, as you can start with deposits as low as ₹100 per month, making it accessible for all sections of society.
Key Benefits of This Scheme
The biggest advantage of this scheme is capital protection with steady growth. Investors don’t have to worry about market fluctuations, and they can calculate their exact maturity value in advance. Additionally, the scheme also allows premature withdrawal after 3 years, though with some conditions.
Final Words
For people who want to build a disciplined savings habit and earn assured returns, the Post Office RD Scheme is an excellent choice. A simple monthly deposit of ₹4,000 can grow into ₹2,85,459 in 5 years, including a guaranteed return of ₹45,459 as interest. It is a safe and stable way to grow your money without taking risks.