How much will I get in 5 years if I deposit ₹3000 in the post office?
Post Office Saving Schemes: At present, 4 percent interest is being given on the post office savings account. If you deposit Rs. 3000 in the post office savings account and leave it, then after 5 years, the total amount in your account including interest will be Rs. 3660.
Post Office Saving Schemes: Indian Post, a government institution providing postal services, also runs many types of savings schemes for the citizens of the country. Common people of the country can open a savings account in the post office as well as invest in various savings schemes like TD, RD, Sukanya Samriddhi Yojana, Kisan Vikas Patra, PPF. Today we will know here how much money will be received in 5 years on depositing Rs 3000 in the post office.
Post office is giving 4% interest on savings account
Currently, 4 percent interest is being given on the savings account of the post office. If you leave 3000 rupees in the savings account of the post office, then after 5 years there will be a total of Rs 3660 including interest in your account. Similarly, the post office is giving 7.5 percent interest on 5-year TD (Time Deposit) account. If you deposit Rs 3000 in the TD account of the post office, then after 5 years you will get a total of Rs 4349, which includes Rs 1349 of interest.
Post Office MIS is getting 7.4% interest
Post Office MIS (Monthly Income Scheme) is currently getting 7.4 percent interest. This scheme matures in 5 years. If you leave Rs 5000 in the Monthly Income Scheme of the post office, then you will get an interest of Rs 19 every month. In this way, you will get a total interest of Rs 1140 in 5 years. Along with this, you will also get the Rs 3000 deposited by you. In this way, by depositing Rs 3000 in the MIS scheme, you will get a total of Rs 4140 after 5 years.
RD account is getting 6.7 percent interest
Post Office RD scheme is getting 6.7 percent interest. In this scheme, you have to deposit money every month. If you deposit Rs 3000 every month in this scheme, then after 5 years you will get a total of Rs 2,14,097. This includes interest of Rs 34,097 along with the Rs 1,80,000 deposited by you.
Disclaimer: This article is written for informational purposes only. Consult your financial advisor before making any kind of investment or taking any financial risk. India TV will not be responsible for any kind of risk.
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