RD Scheme: Every individual should make it a priority to save money for any unexpected situations that may arise in the future. The most advisable choice would be to put your money into a certain investment scheme. You have the option to invest in the market, however, there is a risk of losing money in the market. If you want a safe investment option, you can consider putting your money into the post office scheme. Today we’d like to share information on a postal service program in which you can invest a small amount and grow a fund worth millions.
You can build up a good fund by saving only Rs. 100
We are discussing the Post Office Recurring Deposit (RD). By following this plan, if you set aside and invest only 100 rupees each day, you can build up a fortune worth millions. By saving 100 rupees daily, you can accumulate 3000 rupees within a month. You must deposit this money in a post office recurring deposit every month for a period of 5 years.
Rs. 3,000 every month into a RD scheme
By putting 3000 rupees into a recurring deposit each month, you will have invested a total of 36,000 rupees in the recurring deposit over the course of one year. You will deposit 1,80,000 rupees in RD over a period of 5 years. You will earn a 6.7 percent interest rate on the RD. Therefore, in 5 years, you will have a sum of 2,14,097 rupees, with 34,000 rupees being only the interest.