Today, we’re going to tell you about a Post Office scheme where you can invest your money by saving a small amount every month and earn significant returns. We’re talking about the Post Office Recurring Deposit (RD) scheme. Let’s learn the details.
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The Post Office (Indian Post) offers a variety of small savings schemes, allowing people to safely invest their money and earn good interest rates. If you’re looking for the best scheme to safely invest your money, you can invest in a Post Office scheme.
Today, we’re going to tell you about a Post Office scheme where you can invest your money by saving a small amount every month and earn a good return. We’re talking about the Post Office Recurring Deposit (RD) scheme. Let’s learn the details.
Post Office RD Scheme
The Post Office RD Scheme is a unique scheme. Investors can accumulate a substantial corpus by investing small amounts each month. Investors in the Post Office RD scheme are required to invest a fixed amount each month. The minimum monthly investment limit is ₹100, while there is no maximum investment limit. The RD scheme offers returns at an interest rate of 6.7 percent. This scheme matures in 5 years.
Return on a monthly investment of Rs. 1,000 in an RD scheme
If you consistently invest Rs. 1,000 every month in the Post Office RD scheme, you will invest a total of Rs. 60,000 over 5 years. This means you will receive a total of Rs. 71,369 upon maturity. Of this, only Rs. 11,369 will be your interest. Thus, a regular investment of Rs. 1,000 in an RD scheme will yield a profit of Rs. 11,000.
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