Post Office RD Scheme: Every parent wants to give their children the best good education, proper healthcare, and a secure future. But all of this needs money at the right time. That’s why disciplined saving is so important. One of the safest and most trusted ways for this is the Post Office Recurring Deposit (RD) Scheme. Now imagine you start saving ₹10,000 every month in your child’s name. In 5 year this small monthly habit will grow into ₹7,13,659. Let’s see how this happens.
Why Post Office RD is a Safe Choice
The RD scheme of the Post Office is backed by the Government of India, which means your money is completely safe. It gives you fixed interest and guaranteed returns. You don’t need to invest a big amount at once just small deposits every month are enough. For families who want steady and risk-free growth, RD is a perfect option.
Read more: By Depositing ₹22,000 for Children You Will Get ₹5,96,671 – Know the Exact Calculation Here
₹10,000 Monthly Deposit Full Calculation
The Post Office RD currently offers an interest rate of 6.7% per annum, compounded quarterly. Here’s the calculation if you deposit ₹10,000 per month for 5 years
| Monthly Deposit | Duration | Interest Rate | Total Deposit | Interest Earned | Maturity Value |
| ₹10,000 | 5 Years (60 months) | 6.7% | ₹6,00,000 | ₹1,13,659 | ₹7,13,659 |
So, in 5 years, you put in ₹6 lakh from your side, and the scheme adds about ₹1.13 lakh as interest, giving you a final maturity of ₹7.13 lakh.
A Real-Life Example
Think of Neha, a mother of two kids. She started an RD account in the Post Office, promising herself to deposit ₹10,000 every month. At first, it felt like another bill, but soon it became a habit. After 5 years, when her elder son was ready for college admission, she received more than ₹7.13 lakh from the RD. That money helped her pay the fees without taking any loan. This is the power of small, regular savings you don’t even realize how it builds a big fund for your children’s future.
Benefits and Limitations
The benefit is safety and guaranteed returns. You know exactly how much you’ll get at maturity. But remember, the interest from RD is taxable, and the returns are moderate compared to risky investments like mutual funds. Still, for parents who value security over high risk, it’s a reliable choice.
Read more: Deposit ₹3 Lakh in Post Office FD, Receive ₹4.34 Lakh on Maturity
Conclusion
By saving ₹10,000 every month in the Post Office RD scheme, you can build a fund of ₹7,13,659 in 5 years. Your own savings of ₹6 lakh will grow with an additional ₹1.13 lakh as interest. For parents who want to create a safe backup for their children’s education or other needs, Post Office RD is one of the best options.
Disclaimer
This article is only for educational and general knowledge purposes. Interest rates in Post Office RD are revised by the government every quarter. Please check the latest details with your nearest Post Office before investing.
