Post Office RD: How 25K investment gives nearly Rs 18 lakh on maturity
National Savings Recurring Deposit Account (RD), also known as the Post Office Recurring Deposit scheme offers guaranteed returns. It has a fixed interest rate of 6.7 per cent per annum compounded quarterly. One can have individual or joint account and can start investing with a minimum of Rs 100 a month. The lock-in period is five years (60 months). The Post Office scheme also provides loan facility. Know more about the guaranteed return scheme and what your Rs 25,000 monthly investment will turn into in five years.
![Post Office RD: How 25K investment gives nearly Rs 18 lakh on maturity](https://cdn.zeebiz.com/sites/default/files/2024/02/22/281728-hybrid-scheme-unsplash.jpg?im=FitAndFill=(1200,900))
One can also make advance deposits up to five years in a Post Office RD account. Photo: Unsplash/Representational