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- Small saving schemes; Post Office (RD) Interest Rate 2025 Details | Business news
New Delhi26 minutes ago
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The government has not changed the interest rates of small savings schemes for July-September (Q2FY26). That is, you will continue to get the same interest as before. In such a situation, if you are planning to get a recurring deposit (RD), then the post office RD can be right for you.
It is currently getting 6.70% annual interest on this. In this, you can prepare a lump sum fund of 1 lakh 43 thousand rupees for depositing 2 thousand rupees every month for 5 years. Here we are telling you about the post office RD …
First of all, understand what is RD? Post office recurring deposits or RD can help you in large savings. You keep putting a certain amount in it when the salary comes every month and after 5 years, you will have a big amount in your hand. Even if you do not get interest on depositing money in the gullak of the house, you also get interest on depositing money here.
Fund of 71 thousand will be made on 1 thousand investment every month for 5 years If you invest an amount of Rs 1 thousand per month in the RD of India Post, then it will be about 71 thousand rupees if matured after 5 years at 6.7% annual interest rate.
You can take a loan on money deposited in RD Loan facility is also available on RD. That is, if you need money in the middle, you can also take a loan on it without breaking RD. It provides loans at low interest than personal loans. If you deposit 12 consecutive installments in the five -year RD of the post office, then you can avail the loan facility. That is, to get this facility, you have to deposit at least one year continuously. After a year, you can take a loan of up to 50% of the amount deposited in your account.
If you take a loan on RD, you will apply as interest rate applied to 2% + RD account on the loan amount. For example, RD is getting 6.7% interest, so if you take interest on RD now, then you will get a loan at 8.7% annual interest rate.
Benefits of rd
- Safe investment: If the post office RD is supported by the Government of India, there is no fear of drowning money. This is good for those who do not want to take risks.
- Regular savings habit: Every month you have to deposit a little (minimum starting at 100 rupees), which causes saving a habit.
- Good interest: Currently receives 6.7% annual interest, which increases with compounding. There is a better return than the bank’s savings account.
- Flexible Investment: You can start from 100 rupees, and no limit above. You can choose the amount according to your pocket.
- Loan facility: If money is needed in emergency, you can take a loan against RD. This is useful when you do not want to break the scheme.
Any person can open an account Any person can open an RD account. This account can also be opened in the name of young children. You can operate it yourself when you are 10 years or older. 3 people can also open a joint account. You can open an account in it through any post office. Click here for more information