In today’s time, common people save a part of their income and invest it in a place where their money is safe and they get good returns. In such a situation, you can invest in the schemes run by the post office. It is also called Post Office RD. This scheme is for 5 years. You can create a fund of lakhs of rupees in 5 years by saving Rs 100 daily. This scheme is great for those who want to create a big fund by making small savings.
Post Office Recurring Deposit (RD)
By saving just Rs 100 daily, you can deposit Rs 3,000 every month. With this monthly investment in the RD scheme of the post office, you will be able to deposit Rs 36,000 every year. In this way, your total investment in 5 years will be Rs 1.80 lakh. Currently, this scheme is getting interested at the rate of 6.7 percent, which will give you an interest of Rs 34,097 in 5 years, i.e. on maturity you will get a total of Rs 2,14,097. In this way, you can deposit a good amount from small savings.
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Open an account with Rs 100
You can open an account in the Post Office RD scheme by visiting any nearest post office. Investment can be started in this from Rs 100, while no limit has been set for maximum investment. The maturity tenure of this amazing scheme is 5 years.
An account can also be opened in the name of a minor in this scheme. However, parents are also required to give their names along with the documents. The facility of premature closure is also given in this scheme. A loan facility is also provided in this scheme.
The Post Office Recurring Deposit (RD) scheme is a great option for those who want to create a big fund by saving small. This scheme not only provides you with financial security but also secures your future. Therefore, if you also want to create a big fund from small savings, then definitely consider this scheme of the post office.
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