Post Office RD: Worried about market risk? There are many safer options to invest in, where market ups and downs will not affect your investment. Today we are talking about a scheme where you can invest with guaranteed security and guaranteed return.
You get many great benefits by investing in this scheme. The most important thing is that your money invested in this scheme is completely safe. You will not face the dangers of any kind of market risk by investing in it. You do not have to invest lump sum money in the post office’s recurring deposit scheme. In this scheme, you have to invest a fixed amount every month, and you get returns on it.
Investing in Post Office RD
Investing in the Post Office Recurring Deposit Scheme is currently getting an interest rate of 6.7 percent. You can invest in the post office RD scheme for 5 years. However, you can extend this scheme for five years.
Can invest a minimum of Rs 100
You can invest a minimum of Rs 100 in this post office scheme. At the same time, the limit of the maximum investment amount has not been fixed. In this scheme, you get the benefit of compound interest. If you invest 7 thousand rupees every month in the post office RD scheme. In this case, you will be able to invest a total of Rs 4,20,000 in five years.
Calculation on the basis of the current interest rate of 6.7
Calculated on the basis of the current interest rate of 6.7, you will get around Rs 79,564 as interest on your investment in five years. In such a situation, you will have accumulated about Rs 4,99,564 after five years. After this, if you extend the RD scheme for five more years, In this situation, you can collect a fund of about 12 lakh rupees. In this post office scheme, you can open a joint account of three people in addition to a single account.