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If you want to make a profit on small savings every month, then Recurring Deposit (RD) can be a good option. In RD, you can take advantage of interest by depositing a fixed amount every month. The option of RD is available at both banks and post offices. You get RD of different tenures in the bank, but if you start RD in the post office, then it will have to be run for 5 years. However, by investing in RD for 5 years, you can add a good amount. Know here how much return will you get in the bank and post office if you invest ₹5,000 in RD every month for 5 years.

Talking about SBI, here common citizens are being given interest at the rate of 6.75% and senior citizens are being given interest at the rate of 7.25% on 5-year RD. In such a situation, if a common citizen invests Rs 5,000 in RD for 5 years, then he will invest a total of Rs 3,00,000 in 5 years. On this, he will get interest of Rs 57,298 at the rate of 6.75%. In this way, the maturity amount will be Rs 3,57,298. On the other hand, senior citizens will get Rs 62,046 as interest on an investment of Rs 3,00,000. The maturity amount will be Rs 3,62,046.

In Canara Bank, common people are getting interest at the rate of 6.80% and senior citizens are getting interest at the rate of 7.30% on 5-year RD. In such a situation, general citizens will get a total of Rs 57,771 as interest at the rate of 6.80% in 5 years and the maturity amount will be Rs 3,57,771. At the same time, senior citizens will get Rs 62,526 as interest at the rate of 7.30%. In this way, the maturity amount will be Rs 3,62,526.

General citizens are getting 7 percent interest and senior citizens are getting 7.5 percent interest on 5-year RD in HDFC Bank. In such a situation, general citizens will get Rs 59,667 at the rate of 7 percent interest on depositing Rs 5,000 every month. After 5 years, the maturity amount will be Rs 3,59,667. At the same time, senior citizens will get Rs 64,448 interest at the rate of 7.5%. The maturity amount will be Rs 3,64,448.

In ICICI Bank, the interest rate on 5-year RD is the same as HDFC. On 5-year RD, general citizens are getting 7 percent interest and senior citizens are getting 7.5 percent interest. In such a situation, general citizens will get Rs 3,59,667 as maturity amount after 5 years. At the same time, senior citizens will get Rs 3,64,448 as maturity amount.

If you want to invest in RD in post office, then there you will get 6.7% interest on 5-year RD. In such a situation, on depositing Rs 5,000 every month, you will get Rs 56,830 as interest. At the same time, the maturity amount will be Rs 3,56,830.