Post Office RD Scheme 1000 per month
"Learn everything about the Post Office Recurring Deposit (RD) Scheme interest rates, eligibility, benefits, maturity value, tax advantages, and how to open an account. A safe, government-backed savings plan for secure and guaranteed returns."
In this article:
Post Office RD Scheme: The Post Office Recurring Deposit (RD) Scheme is one of the safest and most reliable savings schemes in India. Backed by the Government of India, it allows individuals to deposit a fixed amount every month and earn guaranteed returns with compounded interest. Whether you are saving for a future expense or looking for a low-risk investment, the Post Office RD Scheme is an excellent choice.
What is the Post Office RD Scheme?
The Post Office RD Scheme is a small savings plan offered by India Post where you can deposit a fixed amount monthly for a fixed tenure. At the end of the period, you receive the maturity amount along with interest. It encourages disciplined savings and provides secure returns, making it suitable for both new investors and experienced savers.
Post Office RD Scheme 1000 per month key features
Low Minimum Investment – Start investing with just ₹100 per month.
Flexible Tenure – Choose between 5 years and 10 years depending on your goal.
Attractive Interest Rates – Interest is revised quarterly by the government.
Safe and Secure – A government-backed savings scheme with guaranteed returns.
Tax Saving Benefits – 5-year Post Office RD deposits qualify for tax deductions under Section 80C.
Post Office RD Scheme 1000 per Month Eligibility
Resident Indians – Any Indian citizen can open an RD account.
Minors – Parents or guardians can open an RD in the name of a minor.
Joint Accounts – Two or more individuals can invest together.
No Age Limit – Suitable for all age groups.
Post Office RD Scheme Interest Rates
The Post Office RD interest rate is revised every quarter. Currently, the 5-year RD account offers an interest rate of 6.9% per annum, compounded quarterly.
Post Office RD Calculator
Tenure | Interest Rate | Maturity Amount |
|---|---|---|
1 Year | 5.8% | ₹12,184 |
2 Years | 5.8% | ₹24,383 |
3 Years | 5.8% | ₹36,598 |
5 Years | 6.9% | ₹77,235 |
10 Years | 6.9% | ₹1,58,923 |
Note: These rates are subject to quarterly revisions by India Post.
Post Office RD Scheme 1000 Per Month
Benefits of Investing in Post Office RD Scheme
Guaranteed Returns – Assured maturity value and safe investment.
Disciplined Savings – Encourages consistent monthly savings.
Easy to Open Anywhere – Available at all post offices across India.
Loan Facility – Take loans up to 90% of your RD balance if needed.
Tax Deduction – Eligible under Section 80C for deposits over 5 years.
How to Open a Post Office RD Account
Visit your nearest Post Office branch.
Fill the RD Account Opening Form with basic details.
Submit KYC documents like Aadhaar, PAN, and passport-sized photos.
Make the first deposit (minimum ₹100).
Receive a passbook with all your account details.
Investors can pay monthly deposits in cash, cheque, or auto-debit through standing instructions from their bank account.
Post Office RD Scheme Calculator
The Post Office RD interest is compounded quarterly, which gives higher returns compared to simple interest. For example, if you invest ₹1,000 per month for 5 years, your maturity amount will include both the principal and compounded quarterly interest.
Closure and Premature Withdrawal of RD
Premature Closure – Allowed after 1 year with a 1% penalty.
Maturity Closure – Account closes after full tenure, and the final maturity amount is paid.
Before 1 Year – No interest is paid if you withdraw within 1 year.
Conclusion
The Post Office RD Scheme is one of the best small savings schemes in India for people seeking secure, risk-free, and disciplined investments. With a low minimum investment, attractive interest rates, and tax-saving benefits, it suits both beginners and regular investors.
Continue Read For