Post Office Recurring Deposit-RD: Indian Post Office runs many types of savings schemes. Crores of people are getting good returns by investing in post office schemes. You can start from Rs 100 only in the recurring deposit scheme of the post office. You will get good returns on investment maturity.
Everyone should save to meet future financial needs. Well there are many options to invest money. Many people invest in stock market, mutual funds and some invest in cryptocurrency. There is a lot of risk in all of these. There are many savings schemes for investment in the post office which offer high interest rates and tax exemptions.
Most importantly, it is guaranteed by the Government of India. Today we are telling you about such a scheme of post office in which you can earn big profit with small investment. Post Office Recurring Deposit Scheme (RD) should be invested for good returns. Let’s know about this scheme.
The Safest Investment Investing in the post office not only keeps our money safe, but also gives us good returns. Money never gets lost in Post Office Recurring Deposit Scheme investment. Because this scheme is run under the supervision of the government. A huge fund can be made even by depositing some money in RD account. RD account can be started with a deposit of just Rs.100. At present, 5.8 percent interest is being given on the recurring deposit scheme.
No maximum limit of deposit No maximum limit has been fixed for depositing money in this post office scheme. Recurring Deposit can be done for one year, two years or three years as per your convenience. The most important thing is that interest is given quarterly on the money deposited in this RD. At the end of every quarter, the amount is credited to your account along with compound interest.
Who can open the account Any person above 18 years of age can open an account in Post Office Recurring Deposit Scheme. You can also open a joint account in this. The account of a minor can also be opened on behalf of the guardian. For this, an account can also be opened in the name of a minor above 10 years.
You will get so many lakhs on maturity,
you can earn good profit from this scheme. If you invest 10 thousand rupees every month in this post office scheme for 10 years. So you will get 5.8 percent interest after 10 years. Will get more than 16 lakh rupees on maturity. If you deposit Rs 10,000 every month, then you will get Rs 16,28,963 on maturity of 10 years on getting interest at the rate of 5.8 per cent.
