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  • SIP vs Recurring Deposit: Which delivers better 5-year returns for Rs 5000?

SIP vs Recurring Deposit: Which delivers better 5-year returns for Rs 5000?

Which yields higher returns on a monthly Rs. 5,000 investment over 5 years? An RD account can be opened at any bank or post office. A 5-year RD offers a 6.7% annual interest rate.

Ajay Joseph | Published : Oct 17 2024, 03:59 PM
1 Min read
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SIP vs RD

SIP vs RD

Planning to invest a small amount for the next 5 years? Let's compare RD and SIP for higher returns. Both are different investment avenues requiring a fixed monthly investment.

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Rs 5,000 investment for 5 years

Rs 5,000 investment for 5 years

RD offers fixed returns with no risk. SIP returns are not fixed and carry market risk. Let's see which yields more on a 5-year, Rs. 5,000 investment.

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5-Year Recurring Deposit

5-Year Recurring Deposit

For RD, you can choose a bank or post office. A 5-year Post Office RD offers 6.7% interest. With monthly Rs. 5,000 deposits, the total investment is Rs. 3,00,000. At maturity, you receive Rs. 3,56,830, including Rs. 56,830 interest.

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5-Year SIP Calculator

5-Year SIP Calculator

A Rs. 5,000 monthly SIP over 5 years totals Rs. 3,00,000. At a 12% annual return, you receive Rs. 4,12,432, including Rs. 1,12,432 in returns.

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Higher returns for 5-year investment

Higher returns for 5-year investment

A safe RD yields Rs. 56,830 on a Rs. 3 lakh investment. A riskier SIP yields over Rs. 1 lakh on the same amount. SIP returns are almost double those of an RD.

Ajay Joseph
About the Author
Ajay Joseph
With over eight years of journalistic experience, Ajay Joseph Raj. P has been a dedicated member of the Asianet Newsable team, where he serves as the Chief Copy Editor. His expertise spans Business, Career, Stock Market, National, International, and viral/trending topics, with a knack for crafting compelling narratives that connect with diverse audiences. Before joining Asianet Newsable, Ajay honed his skills at OneIndia News and Opoyi English, gaining extensive experience in delivering impactful stories across various beats. Read More...
 
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