Post Office Recurring Deposit: In India, the Post Office is an institution whose scheme people are not confused about joining. If you plan to invest in this scheme, do not delay. Did you know that the Post Office’s Recurring Deposit Scheme is working to make people rich?
You can get enormous benefits by investing in this scheme. If you are looking for this scheme, do not delay. You can get considerable returns with less investment. If you invest Rs 7000 monthly, how much money will you collect in 10 years? You can quickly learn all this, where you can learn everything in the article below. You can see the calculation for The recurring deposit scheme.
Important things related to the Recurring Deposit Scheme
Post Office’s Recurring Deposit Scheme can play an essential role in making you rich. It has a period of 5 years. By investing in it, you quickly benefit up to 6.7 per cent of interest. It can be calculated every quarter. If you invest Rs 7000 monthly in this scheme, you can save five lakhs in 5 years and 12 lakhs in 10 years. How to do this, you will have to understand some calculations below.
Understand the calculations in the Post Office scheme
The calculations in the Post Office recurring deposit scheme are easy to understand. If you invest Rs 7,000 monthly, your deposit amount in 5 years will be Rs 4 lakh 20 thousand. This is 6.7 per cent annual interest, or Rs 79,564, on the total investment. At total maturity, investors will receive Rs 4,99,564 in benefits, only approximately Rs 5 lakh.
If you extend the recurring deposit for 5 years, your total investment amount in 10 years will be Rs 8,40,000. Investors will receive 6.7 per cent interest on this. After this, investors will receive an additional Rs 3,55,982. After maturity, you will have Rs 11,95,982, a lump sum of Rs 12 lakh.