Post Office Scheme: Post Office has a buffet of small savings schemes. A lot of small savings schemes are being operated by it. These include Savings Scheme, RD Scheme, SSY Scheme, TD Scheme, Monthly Income Scheme, KVP Scheme etc. If you are worried about your retirement. So let us tell you that by investing in this scheme of post office, you can be worry free.
Let us tell you that in this scheme of post office, you can start investing with just Rs 100. If you invest in regular scheme, then after 10 years these 100 rupees will turn into 8 lakhs. Let us know about it in detail.
Let us tell you that in this article we are talking about the RD scheme of post office. In the post office RD scheme, you can open an RD account of just Rs 100. After this, you can prepare a big fund in 5 years. The maturity period given in this scheme is 5 years. You can extend this 5-year scheme for 5 years. After this, you get a huge amount of 8 lakhs in 10 years. Post Office RD Scheme is full of many facilities.
For information, let us tell you that interest is being given at the rate of 6.7 percent in the Post Office RD Scheme. In this scheme of Post Office, you can open an account with a minimum of Rs 100. There is no limit for maximum investment with this. On the other hand, if you invest for 12 months continuously, then the account holder gets 50 percent of the deposited amount as a loan.
Let us tell you that if you open an RD account with 5 thousand rupees monthly, then the total amount deposited by you in 5 years will be 3 lakh rupees. You are being given interest at the rate of 6.7 percent on this scheme. After which you will get Rs 56830 annually as interest. In 5 years, you will get a total of 3 lakh 56 thousand 830 rupees from interest.
On the other hand, if you invest for 10 years, you will get more than 6 lakh rupees in the form of interest. In which you will get interest on interest of 2 lakh 54 thousand 272 rupees. In 10 years, a total of 8 lakh 54 thousand 272 rupees will be deposited in your account. According to this, by investing just 100 rupees, you will be able to create a fund of 8.5 lakh rupees in 10 years.