Small Savings Scheme: Investors in the country like post office schemes very much because by investing in it you get guaranteed returns. Today the government has taken a big decision on the recurring deposit scheme of the post office. The interest rate on RD with a tenure of 5 years (Recurring Deposit Interest Rate) has been increased. See how much more benefit you will get now than before.
Now you will get so much interest
The interest on post office recurring deposits with a tenure of 5 years has been increased by 0.2 percent. Earlier, those who invested in it used to get a profit of 6.50 percent but now under this you will get a return of 6.70 percent.
Has the interest on other schemes also increased?
It is known that apart from 5 year recurring deposit, the interest rate of other small savings schemes has not been changed. Among the remaining schemes, the interest of Senior Citizen Saving Scheme is 8.2 percent. The interest of Sukanya Samriddhi Yojana is 8 percent, that of National Savings Certificate (NSC) is 7.7 percent, that of Kisan Vikas Patra (KVP) is 7.5 percent and that of PPF is 7.1 percent.
Recurring deposit or RD scheme of post office can help you in savings. The amount you invest in it, when it matures after 5 years, you get a huge amount in your hand. It is known that any person can open an RD account. You can also open this account in the name of small children. Not only this, you can also open a joint account. For this, an account can be opened by going to any post office.
