What’s Publish Workplace Fastened Deposit (FD)?
Publish Workplace FD is a small financial savings scheme supplied by India Publish the place people can deposit a lump sum quantity for a set tenure, and in return, they earn curiosity on that quantity at a predetermined fee.
What’s Publish Workplace Recurring Deposit (RD)?
Publish Workplace RD is a financial savings scheme supplied by India Publish the place people could make mounted month-to-month deposits for a specified tenure, starting from 1 to five years.
Publish Workplace FD
The tenure for Publish Workplace FDs ranges from 1 to five years. It’s a government-backed funding possibility, providing engaging rates of interest and offering safety on your invested quantity.
What’s the minimal quantity for opening publish workplace FD account?
The minimal quantity for a one-time funding is Rs 1,000, whereas there isn’t any most restrict.
Curiosity Charges on Publish Workplace FDs:
Fee of curiosity w.e.f 01.07.2025 to 30.09.2025
- 1-12 months FD: 6.9 per cent rate of interest
- 2-12 months FD: 7.0 per cent rate of interest
- 3-12 months FD: 7.1 per cent rate of interest
- 5-12 months FD: 7.5 per cent rate of interest
Account opening in RD
An RD account might be opened in any publish workplace by a financial savings account. It may be opened offline and on-line.
Maturity interval of publish workplace RD
The maturity interval of the publish workplace RD is 5 years. The account might be prolonged for five years.
What’s the deposit quantity in publish workplace RD account?
The minimal quantity for a month-to-month deposit in a publish workplace RD is Rs 100 and above.
Curiosity Fee of Publish Workplace RD
Fee of curiosity w.e.f 01.07.2025 to 30.09.2025, rate of interest of Publish Workplace RD is 6.7 per cent each year (quarterly compounded)
Publish workplace FD calculations: Returns on Rs 5 lakh lump sum funding?
- Time interval: 5 years
- Complete Funding Quantity: Rs 5,00,000
- Curiosity Fee: 7.5 per cent each year
- Curiosity earned: Rs 2,24,974
- Maturity Worth: Rs 7,24,974
Publish workplace RD calculations: Returns on a Rs 8,333 month-to-month funding?
- Time interval: 5 years
- Complete Funding Quantity: Rs 5,00,000
- Curiosity Fee: 6.7 per cent each year
- Curiosity earned: Rs 1,97,033
- Complete Worth at Maturity: Rs 6,97,033
Additionally Learn: PPF Calculation: What number of years will it take to generate Rs 17 lakh/yr tax-free revenue from Public Provident Fund?
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