What’s Put up Workplace Fastened Deposit (FD)?
Put up Workplace FD is a small financial savings scheme provided by India Put up the place people can deposit a lump sum quantity for a hard and fast tenure, and in return, they earn curiosity on that quantity at a predetermined fee.
What’s Put up Workplace Recurring Deposit (RD)?
Put up Workplace RD is a financial savings scheme provided by India Put up the place people could make mounted month-to-month deposits for a specified tenure, starting from 1 to five years.
Put up Workplace FD
The tenure for Put up Workplace FDs ranges from 1 to five years. It’s a government-backed funding possibility, providing enticing rates of interest and offering safety to your invested quantity.
What’s the minimal quantity for opening publish workplace FD account?
The minimal quantity for a one-time funding is Rs 1,000, whereas there is no such thing as a most restrict.
Curiosity Charges on Put up Workplace FDs:
Price of curiosity w.e.f 01.07.2025 to 30.09.2025
- 1-12 months FD: 6.9 per cent rate of interest
- 2-12 months FD: 7.0 per cent rate of interest
- 3-12 months FD: 7.1 per cent rate of interest
- 5-12 months FD: 7.5 per cent rate of interest
Account opening in RD
An RD account may be opened in any publish workplace by a financial savings account. It may be opened offline and on-line.
Maturity interval of publish workplace RD
The maturity interval of the publish workplace RD is 5 years. The account may be prolonged for five years.
What’s the deposit quantity in publish workplace RD account?
The minimal quantity for a month-to-month deposit in a publish workplace RD is Rs 100 and above.
Curiosity Price of Put up Workplace RD
Price of curiosity w.e.f 01.07.2025 to 30.09.2025, rate of interest of Put up Workplace RD is 6.7 per cent each year (quarterly compounded)
Put up workplace FD calculations: Returns on Rs 5 lakh lump sum funding?
- Time interval: 5 years
- Whole Funding Quantity: Rs 5,00,000
- Curiosity Price: 7.5 per cent each year
- Curiosity earned: Rs 2,24,974
- Maturity Worth: Rs 7,24,974
Put up workplace RD calculations: Returns on a Rs 8,333 month-to-month funding?
- Time interval: 5 years
- Whole Funding Quantity: Rs 5,00,000
- Curiosity Price: 6.7 per cent each year
- Curiosity earned: Rs 1,97,033
- Whole Worth at Maturity: Rs 6,97,033
Additionally Learn: PPF Calculation: What number of years will it take to generate Rs 17 lakh/yr tax-free revenue from Public Provident Fund?
