Some such schemes are now being run by the post office, where you can fulfill your dream of getting a strong return by investing. Anyway, every person wants to invest in such a place where the money is safe and a huge fund is also available. If you want to get a great return from the post office in the future along with the job, then do not delay.
We have brought a great scheme for you. There is a Recurring Deposit (RD) scheme of the post office, where you can get bumper benefits by investing. The RD scheme of the post office is enough to win everyone’s heart. In this, the government is giving a great interest. If you let go of the offer to join the scheme, then you will have to regret it, to know which you will need to read the article carefully.
Recurring Deposit Scheme is winning hearts
In the Recurring Deposit Scheme (RD) of the post office, you can easily deposit more than 17 lakh rupees by going at the rate of Rs 333 per day. It is considered a piggy bank that gives huge returns to investors. All other saving schemes are risk free and there is absolutely no risk in RD investment. There will be no problem here.
The government itself guarantees the safety of investment. Amazing benefits In this small saving RD scheme, you will need to remember to invest on time every month. If for some reason you forget to pay the installment, then you have to pay a penalty of 1 percent per month. If for some reason 4 installments are missed, then this account will be closed automatically. However, the maturity period of the scheme is 5 years.
Open the account according to the total investment of Rs 100
To open an account in the recurring deposit scheme of the post office, you can open your account by investing Rs 100 per month. The facility of opening a single or joint account is also easily available in the post office scheme. Talking about the interest in the scheme, a tremendous compound interest of 6.8 percent is being given.
In the post office scheme, you will have to invest Rs 10,000 monthly at the rate of Rs 333 per day. According to this, you can save Rs 1.20 lakh every year. In the five-year maturity period, you will have to deposit Rs 5,99,400. If you look at the compound interest rate of 6.8 percent on this investment, it will become Rs 1,15,427.
Your total amount will be Rs 7,14,827. After the completion of the maturity period in the post office recurring deposit, you can extend your investment for another 5 years. You can take advantage of this piggy bank for up to 10 years. In 10 years, the amount deposited by you will be Rs 12,00000. The interest received on this will be Rs 5,08,546. According to this, after ten years, you will get a total of Rs 17,08,546.
