Yes, you heard me right, even though Jupiter does not market this fact, but it exists…
It is in the form of Super-Pots…
How to Use Super Pots as an RD ?
Every super-Pot you create has a button called “add money”, Here you can add any amount of money to the pot and continue to earn interest at the same rate for the remaining period. Just like an RD.
For Example : in a Super-Pot for 1 year at 6.75% interest, suppose initial deposit was 10,000. The interest for the same would be 675rs for that year.
However if you deposit another 10,000, 6 months after creation, the additional amount will also accumulate interest at 6.75% for 6 months, hence the total interest would be 675+ 337.5 = 1012.5rs which will be rounded off to nearest rupee and deposited back to your account at maturity date.
This also works with habits, where you can set a monthly amount and use Super-Pot as an RD ! .
This fact changed the way I looked at super pots, I had assumed it was a short term FD. But one day I was curious what happens if I press add money button and actually added money.
Thanks to @Shawnpinto for answering my many queries regarding super pots.
Hopefully this will also change your perspective of Super-Pots.
Have you ever used Super-Pots before ?
Did you know that a Super-Pot was secretly an RD?
Or You thought Super-Pots were short term FD like me ?
I would be interested to know your thoughts on the same.