SBI RD vs Post Office RD: Which offers better returns on Rs 1000, 3000, 5000, and 7000 monthly investments over 5 years?
A recurring deposit (RDs) scheme is one of the popular choices for investors seeking fixed returns. Similar to mutual fund SIPs, RDs allow investors to make monthly contributions, with tenures ranging from one to 10 years. Both State Bank of India (SBI) and Post Office offer RDs of different tenures. One of the recently launched RDs that garnered attention was SBI Har Ghar Lakhpati RD. The scheme offers up to Rs 5 lakh maturity amount. Know which of the 2- SBI Har Ghar Lakhpati RD and Post Office’s National Savings Recurring Deposit Account- offers higher return? Which can provide you higher maturities on monthly investments of Rs 1,000, Rs 3,000, Rs 5,000, and Rs 7,000? Get these answers in this write-up!
Image: Pixabay, Freepik
(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
What is recurring deposit?
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Why opt for RD?
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SBI’s Har Ghar Lakhpati Scheme
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Post Office’s National Savings RD
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Interest Rates: SBI vs Post Office
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SBI vs post office: How much return will you get on Rs 1,000 monthly investment?
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SBI vs post office: How much return can you get on Rs 3,000 monthly investment?
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SBI vs post office: How much will you get on Rs 5,000 monthly investment?
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How much will you get on Rs 7,000 monthly investment?
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