Amazing Scheme: Use Bank and Post Office RD’s
Use Bank and Post Office RD’s
Many people do not want to invest their hard-earned money in investments. In such a situation, you can do this financial plan through the post office or bank. On this, you can be worry-free by depositing your money. You can deposit money with the help of RD both in the bank and post office. However, it is worth noting that the bank can have any number of RDs. The maximum RD can be of 5 years in the same post office. Let us know how we can easily get 1 lakh rupees every year by using this savings method.
Interest rates post office and bank
If we talk about post office RD interest rates, then we get a 5.8 percent interest rate on 5 year RD. Now if we talk about the interest rates of RD of the State Bank of India (SBI), then if the interest rate of 1 year and 364 days is 5 percent. If you are a senior citizen, then this interest rate is 5.5 percent. The same 2 years to 2 years and 364 days interest rates on RD is 5.10 percent.
The same interest rates for senior citizens are 5.60 percent. The interest rates for 3 years to 4 years and 364 days are 5.3 percent. The same interest rates for senior citizens are 5.80 percent. The interest rate of RD for 5 years to 10 is 5.40 percent and interest rates are 6.20 percent if you are a senior citizen.
Investment plan of 1 year
Under this plan, you start investing Rs 8100 every month in RD and you will have to do this investment for a full 12 months i.e. 1 year. In this, you will get a total of Rs 1 lakh 293 after a full year. Although this is a huge amount. 8100 every year deposit is a big deal then how can you get Rs. Less than Rs 1 lakh per year
Investment plan of 2 years
You should start investing from Rs 4 thousand per month under the plan of 2 years. Under this scheme, you have to deposit 4 thousand rupees every month in RD for 2 years. You will get a total of Rs 101,993 after 2 years. For this, you have to remember. In the first year, an RD of Rs. 4 thousand will have to be started for 2 years. After that, the next year again an RD of Rs 4,000 will have to be submitted. Keep running like this. In this case, one RD will be completed every second year and a new RD will be started. In this way, you will continue to get Rs 1 lakh every year.
Investment plan of 3 years
You have to start investing from Rs 2600 per month under the 3-year plan. In this RD you have to invest Rs 2600 every month for 3 years. You will get Rs 102816 after 3 years. However, if you want to get Rs 1 lakh every year, then you have to start an RD of Rs 2600 in the second and third years also. In this way, in the third year, you will get Rs 1 lakh and then a new RD will start, in this way, you will continue to get Rs 1 lakh every year.
Investment plan of 4 years
You have to invest Rs 1900 in RD every month under a 4-year investment plan. You invest Rs 1900 in RD every month for 4 years, this way you will get some Rs 102801 after 4 years. In this also you have to start RD every year for Rs 1900. Thus you will be paid Rs 1 lakh in 4 years.
Investment plan of 5 years
For 5 year plan, you have to invest Rs 1500 every month. You deposit Rs 1500 every month for 5 years and after 5 years you will get a total of 102801. In this also you have to start a new RD every year. After this, you will start getting Rs 1 lakh every year after 5 years.