Government-backed savings schemes continue to be a preferred choice for investors seeking safe and stable returns. Among them, the Post Office Recurring Deposit (RD) Scheme is a popular option that allows individuals to build a substantial corpus through disciplined monthly savings.
By saving ₹400 per day, you can invest approximately ₹12,000 per month in a Post Office RD account. If this amount is deposited regularly for five years, the investment can grow to over ₹8 lakh, based on the current annual interest rate of 6.70%.
If the same RD account is extended for another five years, the total corpus could reach approximately ₹20.50 lakh. During this period, your total investment would be around ₹14.40 lakh, while the interest earned could exceed ₹6.10 lakh. However, the final maturity amount depends on the interest rates applicable during the extended tenure, as Post Office RD interest rates are subject to periodic revisions by the government.
