Invest ₹28,000 Per Month in RD and Earn ₹19.98 Lakh Guaranteed – Full 5-Year Plan
Building wealth doesn’t always require large, one-time investments. Often, small, consistent savings can grow quietly over time and give substantial returns. The Post Office RD Scheme is designed for those who want a safe, government-backed way to earn guaranteed returns without exposure to market risks. For example, depositing ₹28,000 every month for 5 years can grow into ₹19,98,244. Let’s explore how this plan works and why millions of Indians trust it.
Understanding the Post Office RD Scheme
The Post Office Recurring Deposit (RD) is a monthly savings plan run by the Government of India. It allows you to deposit a fixed amount every month, earning interest that compounds quarterly. This means your interest itself starts generating more interest, boosting the growth of your savings over time.
The scheme is fully secure because it is backed by the government. You can start with as little as ₹100 per month and increase your deposit as your budget allows. The current interest rate is 6.7% per annum, compounded quarterly. Let’s see how this works for a monthly deposit of ₹28,000.
₹28,000 Monthly Deposit 5-Year Calculation
Here’s a detailed breakdown of how your monthly investment grows under the current RD interest rate:
| Monthly Deposit | Tenure | Interest Rate | Total Amount Deposited | Maturity Amount |
|---|---|---|---|---|
| ₹28,000 | 5 Years | 6.7% (Compounded Quarterly) | ₹16,80,000 | ₹19,98,244 |
By the end of 5 years, your total contribution of ₹16.8 lakh grows to ₹19,98,244, earning ₹3,18,244 in interest. This steady growth highlights the power of disciplined saving combined with compounding, proving that small steps can lead to significant results.
Why Post Office RD Is Ideal for Regular Savers
The RD scheme is perfect for anyone seeking predictable and safe growth. It suits salaried professionals, self-employed individuals, and homemakers who want to save systematically. Beyond numbers, it provides peace of mind your money grows quietly without stress or market uncertainty.
If you miss a monthly deposit, you can continue the plan later by paying a nominal penalty. You can also avail a loan against your RD balance without breaking it, making the RD a flexible and practical financial companion.
Table Summary
| Feature | Details |
|---|---|
| Minimum Deposit | ₹100 per month |
| Typical Tenure | 5 years |
| Interest Rate | 6.7% p.a. (Compounded Quarterly) |
| Risk Level | 100% Government-Backed |
| Premature Withdrawal | Allowed with conditions |
| Loan Facility | Available after a certain period |
| Ideal For | Regular savers seeking secure growth |
Conclusion
The Post Office RD Scheme offers a safe and disciplined way to grow your savings. By investing ₹28,000 every month, you can build a fund of ₹19,98,244 in 5 years, completely government-backed and risk-free. It’s an ideal choice for anyone who values steady, reliable growth over short-term gains.
Disclaimer
This article is for educational and informational purposes only. Post Office RD interest rates may change as per government announcements. Please check the latest details from your nearest post office or official India Post website before investing.
