3 lakh 19 thousand 464 rupees will be available for depositing ₹ 4,500 in PNB RD Scheme, after so many years

Pnb rd scheme: Nowadays, instead of keeping their savings in savings accounts, people prefer to invest in such options where their money is not only safe, but also good returns. In such a situation, Punjab National Bank (PNB) Recharging Deposit (RD) scheme can be a better and reliable option. Investing in this scheme gives you regular savings as well as good returns.

Know what is RD scheme?

Punjab National Bank’s Recharging Deposit Scheme is an ideal scheme for those who want to make small savings regularly and also get good returns. This scheme is a type of fixed plan, in which you have to deposit a fixed amount every month during the scheduled time period. Along with this, you get returns at the government interest rate, which is updated every three months.

Interest Rates in Recharging Deposit Scheme:

Interest rates in this scheme depend on your investment period. Which are as follows:

• For 1 to 2 years: 5% per year
• For 3 years: 5.5% per year
• For 5 to 10 years: 6.5% per year

The interest rate in PNB’s RD scheme is much better than other banks, and this fixed interest rate will be based on your investment every month.

Minimum and maximum investment in PNB RD Scheme

This scheme starts at a minimum of ₹ 100 per month, which is a very accessible amount. You can invest as much as you want at your convenience, because there is no maximum investment limit in this scheme. If you want, you can also deposit a lump sum amount.

You will get so much return on investment of Rs. 4,500:

If we estimate the return on 5 years of investment through this scheme, then suppose you deposit ₹ 4,500 every month. You will deposit ₹ 54,000 in a year and a total of ₹ 2,70,000 will be deposited in 5 years. You can get a maturity amount of up to ₹ 3,19,464 at 6.5% interest rate on this amount. This proves that good returns can be obtained in the long term by regular investment and time getting interest over time.

Know how to invest

To start investing in this scheme, you have to take some simple steps:

• Go to the nearest PNB branch and apply to open an RD account.
• Along with the application, take necessary documents like Aadhaar card, PAN card and bank account details.
• You can also open a recurring deposit account through online medium, which saves you time and the process is completed quickly.
• PNB also gives you the facility to take a loan from this scheme, so that you can easily get a loan if you need.

conclusion:

If you want to save regularly and also want to get good returns, then PNB’s Recharging Deposit Scheme can be a great option. This PNB RD Scheme provides you with safe investment as well as better returns. Also, the minimum investment limit in it is also very low, which makes it accessible to all.

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