RD or Recurring Deposit Calculator
RD or Recurring Deposit is one of the saving option that helps you save for long-term goals or future. Interest rates of the Recurring Deposits Schemes are the same. It helps the individual to develop a regular habit of saving.
One can open an individual account or joint account. You can open the account at an early age (even from 10 years of age), with a minimum balance of Rs. 100.
Interest rates of the RD in post office from 1st April 2020 is 5.8%. The maximum time period of any RD is 5 years, witch can be extended for more 5 years with simple formalities.
There are many other saving schemes running in the Post-office, you can check that by clicking at the following link- Post Office Saving Schemes.
Here is the Post office Rd calculator, do check this out:
Hope this calculator will give you the exact amount that you will get at the time of maturity. There are many other options available in the market if you want to invest your money for long term and want to achieve your future goals.
One of the best example for this is Mutual funds. Read this topic on Mutual Funds that helps you to think in a better way. Which mode of investment helps to meet your future needs and requirements? How much money you should invest monthly and where to invest to meet your goal in the future.
For more queries, questions and consultation feel free to call-
HEMANT K MIDHA (FINANCIAL CONSULTANT)
MY PLANNER
MOBILE NUMBER- 09988840022