The Economic Times

Can Rs 10 lakh in post office FD and Rs 10,000/month in RD build Rs 1 crore retirement corpus in 20 years?

Interest rates may vary. If we talk about the post office, it offers a 6.7% interest rate on its RD, while its rate for the 5-year FD is 7.5%. Using both post office FD and RD for financial planning, you can create a nearly Rs 1 crore retirement corpus in 20 years even if you invest Rs 10 lakh in the FD and invest Rs 10,000 monthly in the RD.