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  • Turn small savings into Rs 14 lakhs in 5 years — Here’s how

Turn small savings into Rs 14 lakhs in 5 years — Here’s how

Many people save a portion of their earnings, but often lack clarity on where to save. Today, let's explore a beneficial scheme perfect for such individuals. 

1 Min read
Asianet Newsable English
Published : May 25 2025, 02:13 PM IST
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Growing Financial Discipline:
Image Credit : FREEPIK

Growing Financial Discipline:

Currently, financial discipline is on the rise. With changing needs and increasing expenses, more people are saving. They seek low-risk options with good returns. The Post Office offers various schemes for such individuals, and the RD scheme is one such option.
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What is the RD Scheme:
Image Credit : Google

What is the RD Scheme:

The Post Office offers the RD (Recurring Deposit) scheme. This savings plan provides safe returns with no risk. You can invest from ₹100 monthly and earn fixed interest. The maturity period is 5 years, but you can withdraw after 3 years with reduced interest or take a loan.

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₹14 Lakhs in 5 Years:
Image Credit : Google

₹14 Lakhs in 5 Years:

To earn ₹14 lakhs in 5 years, invest ₹20,000 monthly in the RD scheme. Your total investment will be ₹12,00,000, and you'll earn approximately ₹2,27,320 in interest, totaling ₹14,27,320.
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Interest Rates
Image Credit : Google

Interest Rates

This calculation is based on the current interest rate of 6.7% for the RD scheme. Returns may vary if interest rates change in the future.
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How to Open an Account:
Image Credit : Google

How to Open an Account:

To invest in the RD scheme, visit a post office and fill out the RD account opening form. You'll need your Aadhaar card, PAN card, a passport-size photo, and nominee details. You can open an account with a minimum of ₹100. This scheme is ideal for regular monthly savings.
Asianet Newsable English
About the Author
Asianet Newsable English
Asianet Newsable ENglish is the official profile used for publishing syndicated news agency stories on the platform. This profile ensures accurate, credible, and timely reporting of national and international news across various categories, including politics, sports, entertainment, lifestyle, and more. Editors curate and adapts wire service content to suit the platform’s diverse, multilingual audience, maintaining journalistic integrity and delivering fact-based news. Read More...
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