In today’s era, everyone wants that their small savings become a big fund one day. If you also dream of securing your future and getting big returns from small amounts, then Post Office Recurring Deposit Scheme (Post Office RD Scheme) The perfect and reliable choice for you.
This scheme has been specially designed for those people who want big benefits in future by depositing a little money every month. With government guarantee and attractive interest rates, this scheme has become everyone’s choice from village to city.
What is Post Office RD Scheme?
Post Office Recurring Deposit (RD) Scheme is a government scheme in which you have to deposit a fixed amount every month. The interest received on this is decided by the government. Currently on this scheme 6.7% annual interest (Quarterly compound) is available.
The biggest feature of this scheme is that whether you deposit Rs 1,000 or Rs 5,000, your money remains completely safe. Also, when the scheme tenure is completed, you get a hefty corpus, which further strengthens your future.
Small savings, big benefits
Many people think that nothing big can happen with a small amount, but the Post Office RD Scheme proves this thinking completely wrong. If you deposit small amounts regularly, this amount can turn into lakhs in 5 years, 10 years or more. This scheme not only helps you safe investment Not only does it provide an opportunity to save money, it also promotes the habit of saving.
How much should I deposit, how much will I get?
Let us now understand that if you deposit Rs 1,000 to Rs 5,000 every month, how much money you will have after 10 years:
- Monthly deposit Rs 1,000: Total deposit in 10 years Rs 1,20,000, including interest approx Rs 1,69,000 (Approximately 1.69 lakh).
- Monthly deposit Rs 2,000: Total deposit Rs 2,40,000, including interest approx Rs 3,38,000 (Approximately 3.38 lakhs).
- Monthly deposit Rs 3,000: Total deposit Rs 3,60,000, including interest approx Rs 5,07,000 (Approximately 5.07 lakhs).
- Monthly deposit Rs 4,000: Total deposit Rs 4,80,000, including interest approx Rs 6,76,000 (Approximately 6.76 lakhs).
- Monthly deposit Rs 5,000: Total deposit Rs 6,00,000, including interest approx Rs 8,45,000 (Approximately 8.45 lakhs).
These figures are current 6.7% interest rate Are based on. If the interest rate changes in future, the maturity amount may also change.
Why is this scheme so special?
Post Office RD Scheme is perfect for those who want to avoid risk in investments. In this scheme, your money remains completely safe as compared to bank FD or share market. Also, small investments provide an opportunity to build a larger corpus. The habit of depositing a little every month not only strengthens your financial discipline but also gives great returns in the long run.
Who is this scheme for?
This scheme is beneficial for every person who wants to invest some part of his earnings in a safe place. Whether you are an employee, have a small business, are a housewife or live in a rural area, this scheme is for you. You Minimum Rs 100 You can also open an RD account with Rs. 1000, and there is no restriction on the upper limit. That means you can start investing as per your pocket.