Investing is very important for every person. In such a situation, if you also want to invest your money in a good scheme, then you can think about the post office scheme. Many types of schemes are being run by the post office, in which you can earn good profits by investing.
Also, there is no fear of losing money in these schemes because the post office schemes are government schemes. The returns received in these are also fixed.
If you do not have money to invest in the post office scheme, then there are schemes being run by the post office in which you can earn profit by investing a little every month. Along with this, you will also accumulate funds. One such scheme is the Post Office Recurring Deposit (RD) scheme.
Post Office Recurring Deposit (RD)
You can invest a little bit every month in the Post Office Recurring Deposit (RD) scheme. In this scheme, you can start investing with just Rs 100 every month. In this scheme, you get interest at the rate of 6.7 percent. The maturity period of this scheme is 60 months i.e. a full 5 years.
Investing like this will give you a profit of up to Rs 80,000
If you invest Rs 7,000 every month in the Post Office RD scheme for the entire 5 years, then you will invest Rs 4,20,000 in this scheme in 5 years. After 5 years, you will get a total return of Rs 4,99,560. Out of this, Rs 79,560 will be your interest only.
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