Post Office RD Scheme
In today’s run -of -the -mill life, saving money for the future has become a need. Children should be studied, building a house, wedding expenses or retirement plan, money is required for everything. But many people want to invest their savings in a place where the risk is not at all and returns are also good.
In such a situation, if you are looking for a low risk and government guarantee option, then the RD Scheme of the post office can be a great opportunity for you. In this scheme, you can save up to 7 lakh rupees in only five years.
What is the post office RD Scheme?
The RD scheme of the post office is a savings scheme in which you deposit a fixed amount every month. This scheme is run by the government, so it is completely safe and reliable. Interest is added to the compound manner by adding every quarter (once in three months), which increases your money rapidly.
How will there be a savings of 7 lakh rupees?
The best thing is that you can start in this scheme only from ₹ 100 months, but if you deposit 10,000 rupees every month, then you can get a total of 7,13,659 rupees in five years. In this, your total deposit amount will be Rs 6 lakh and will get the benefit of Rs 1,13,659 as interest.
This scheme is five years old in the beginning, but you can increase it if you want for five more years. That is, you can make a big fund by investing in it for 10 years. For the quarter of July to September 2025, the post office RD scheme is getting 6.7% annual interest. This interest is compounded by adding every quarter, which increases your savings rapidly. This rate is reviewed by the government every three months.
The option to take a loan if needed
Another good thing about this scheme is that if you suddenly need money, then you can take a loan of up to 50% on your deposited money after one year. However, the interest rate on this loan is 2% higher than the RD interest rate.