What is the best way to invest in RD: You will get good interest in investing in RD, know the best option

Along with meeting your needs, it is also important to save. We need to have money for any situation, from the education of children. Now the question is how do you save safely? RD is a very good option to invest without any risk. Learn in this article some such RD options which are best to invest in.

First, understand what is RD.

RD is a type of fixed deposit. By investing in RD, you have to deposit a regular amount which you get back with interest after a fixed period. There is no risk in RD. Along with this, interest is also available at a good rate.

Invest in the post office scheme

RD scheme is also run in the post office. Till some time ago, 5.8 percent interest was available in the RD scheme of the post office. However, now the rate of interest has been increased to 6.2. This means that you will get an amount of Rs 1,20,000 after investing for 5 years.

IndusInd Bank also gives good interest

IndusInd Bank is also a good option to get good interest. IndusInd Bank is getting about 7 percent interest on 5 years RD which is quite high. If you invest 5 thousand rupees every month in RD for 5 years, then you will get an amount of 3.62 lakhs after maturity.

Axis Bank

Along with investing in Post Office and IndusInd Bank's RD, Axis Bank is also paying up to 7 percent interest on interest. In such a situation, if you also want to earn interest safely, then invest in RD.

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