Post Office: If you want to earn big profits from small savings, then the Post Office RD (Recurring Deposit) scheme is a great option for you. This scheme is specially designed for those who want to create a big fund by saving a little every month. It offers interest at the rate of 6.7%, which helps in growing your money faster. Let’s learn more about this great savings scheme.
Small savings, big profits
In the RD scheme, you have to deposit a fixed amount every month. Suppose you save ₹ 100 every day, then it becomes ₹ 3000 per month. If you deposit this money regularly for 5 years, you get a big amount with interest. Your total deposit amount will be ₹ 1,80,000 and if you get interest at the rate of 6.7% on it, you will get ₹ 2,14,097 after 5 years. This includes interest of ₹34,097.
Why is this scheme special
The Post Office RD scheme is completely safe as it is run by the government. There is no risk of your money sinking. It is great for those who want to avoid risky investments like the stock market.
It is easy to make a big amount from small savings. Saving ₹100 every day is not a difficult task. You can easily do this by cutting down on your unnecessary expenses.
A golden opportunity for everyone to save
This scheme is for those who want to create a big fund for the future by saving a little from their income. Everyone from salaried persons to small shopkeepers can invest in this scheme.
You can choose the amount at your convenience and deposit it in the post office every month. This scheme is a good way to save for big expenses like children’s education, marriage, or building a house.
How to open an account
Opening an account in the Post Office RD scheme is very easy. You have to visit your nearest post office and submit the required documents like an Aadhaar card and PAN card. Once the account is opened, you can deposit your amount every month.
If you want to use the online facility, you can do so from the comfort of your home. This will save both your time and effort.
