Post office scheme
If you want that you have a lot of money deposited in the coming time, then the recovery deposit (RD) scheme of the post office can be very useful for you. In this scheme, you can make a fund of millions in a few years by depositing some money every month. The good thing is that your money is completely safe in this, because it has got the guarantee of the government.
A fund of ₹ 8.5 lakh will be made with ₹ 5000
Suppose you ₹ 5000 every month Post office Let’s deposit in this scheme. So in 5 years you will deposit a total of ₹ 3 lakh. On this you will get an interest of about ₹ 56,830. That is, after 5 years, you will have a total of ₹ 3,56,830. If you increase this scheme for ahead and for 5 years, that is, you deposit ₹ 5000 every month for a total of 10 years, then your deposit will be ₹ 6 lakh. Interest will be available on this about ₹ 2,54,272. In this way, after 10 years you will have a total of ₹ 8,54,272. That is, with the savings of just ₹ 5000 month, you can make a strong fund of more than Rs 8.5 lakh.
Only ₹ 100 can start savings
This post office scheme is not just for the rich. It is also beneficial for those who cannot save too much every month. In this scheme you can start only from ₹ 100 months. Gradually keep increasing the money, and in a few years a good amount will be ready. There is no upper limit to deposit money in it. As much as you want, as much budget, you can deposit as much money every month.
Money will always be safe
Investing in many schemes of the market, there is a fear that the money does not drown anywhere. But there is no such fear in this post office scheme. Because this scheme is guaranteed by the government. That is, the more money you are depositing, it is completely safe. On depositing money in banks also, the guarantee is only ₹ 5 lakh. But in this scheme of the post office, your entire deposit is considered safe.
Loan can also be found if needed
If you need money in the middle, then there is nothing to panic. After one year is completed in this scheme, you can take a loan of up to 50% of your deposits. That is, money will continue to be deposited and help will also be given if needed.
Can also deposit online
Now you do not need to go to the post office every month. If you have an account of India Post Payments Bank (IPPB), then you can submit your monthly installment online sitting at home.
Can also open an account with family
In this scheme, you can open an account alone, or you can also open a joint account with a family member. If needed, the account can also be transferred from one post office to another.