Post Office RD Vs SIP: Where will you get more profit on a monthly investment of ₹ 5,000, understand through calculation..
Post Office RD Vs SIP: For those who like to invest small savings somewhere, schemes like SIP and Post Office RD can prove to be very good. In both schemes, a fixed amount has to be deposited every month. For those who like guaranteed returns, investing in Post Office RD can be a better option. But for those who want better profits and do not shy away from taking risks for this, SIP can be a very good option. Experts believe that long-term investment in SIP can bring very good profits. Know here if you invest Rs 5,000, then which of the two SIP and RD can you get better returns? Know here the calculation for 5 years.
If you invest Rs 5000 in RD
You get the option of RD in both the bank and post office. RD can be done in a bank for 1 to 10 years, whereas in the post office, there is an RD scheme for 5 years, no less and no more than that. If you invest Rs 5,000 in post office RD for 5 years, then you will get interest at the rate of 6.7% on it. In 5 years, you will invest Rs 3,00,000 and at the rate of 6.7%, you will get Rs 56,830 as interest. In this way, you will get Rs 3,56,830 after 5 years.
How much benefit will you get from SIP?
Investment in SIP is not guaranteed, but experts consider its average return to be 12 percent. Due to compounding, this amount increases rapidly. In such a situation, if you start an SIP of Rs 5000 for 5 years, then on an investment of Rs 3 lakh, you will get an interest of Rs 1,12,432 at the rate of 12 percent, and after 5 years you will get Rs 4,12,432. If seen, this is double compared to RD. On the other hand, if the return is more than 12 percent, then the return can be more than double.
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