POST OFFICE RD SCHEME: Every month we save a small amount, but if this money is lying in the bank, then the interest received on it is nominal.
In such a situation, if you want to get a good interest on your hard-earned money and also want to keep it safe, then Post Office RD Scheme (Post Office Recurring Deposit Scheme) can be a great option for you. So let’s know in detail what this scheme is and how you can invest in it.
What is Post Office RD Scheme
Post Office RD Scheme is a very popular government savings scheme. In this, you deposit a fixed amount every month. The period of depositing this is 5 years. After depositing regularly for the entire 5 years, you get back the entire amount deposited along with the interest earned on it.
Benefits of Investing in RD Scheme
Good interest rate: Currently, the Post Office RD Scheme is getting an annual interest rate of 6.7%. This interest rate is much higher than the interest rate offered on bank savings accounts.
Habit of Regular Savings: In this scheme, a fixed amount has to be deposited every month. This develops the habit of saving regularly.
Saving for Future Needs: You can use the large amount received after 5 years for future expenses like children’s education or marriage.
Safe Investment: RD scheme comes with government guarantee, so your investment is completely safe.
How Much Profit Can You Earn from RD Scheme
Suppose you deposit ₹10,000 every month, then how much will you get after 5 years, let’s understand it with an example:
Your total deposit amount = ₹10,000 × 60 months = ₹6,00,000
Interest amount (at 6.7% annual rate) = ₹1,13,665
Total amount received = ₹6,00,000 + ₹1,13,665 = ₹7,13,665
That is, by depositing just ₹6 lakh, you can get ₹7 lakh 13 thousand 665, which is a very good return.
What to do to start RD scheme
Opening an account in Post Office RD Scheme is very easy. All you have to do is go to your nearest post office and apply with the required documents like Aadhar card, passport size photo and mobile number. You can start with a minimum of ₹ 100 per month and there is no maximum limit for depositing.
If you want good returns on your savings and want to deposit money for the future, then Post Office RD scheme is a great option for you.
It comes with government guarantee and also gives high interest rates. So what are you waiting for, go to your nearest post office today and get detailed information about this scheme and start investing.
