Post Office RD Scheme : The country’s largest government organization Post Office runs many government schemes. In which crores of people of the country take advantage by investing.
At present, a post office scheme is proving to be a big hit among investors. This post office scheme is getting strong returns on investment of 5 years. The government has also increased the interest on it for this quarter. Investors are getting 6.5 percent interest in this post office scheme. We are talking here about getting a hefty return on investment for another 2 years in the Post Office Recurring Deposit (RD) scheme of the Post Office.
You will get so many lakhs on the investment of 10 thousand
Let us tell you that according to the post office RD scheme, if an investor invests Rs 10,000 every month in this scheme, then he will get Rs 7,10,000 after 5 years. He will deposit Rs 6 lakh in five years and will get Rs 1 lakh 10 thousand as interest.
Money has to be deposited by this date
If you open RD account in post office between 1st to 15th then you have to invest by 15th of every month. On the other hand, if the account is opened on the 15th, then after the 15th the money will have to be deposited by the end of the month.
The new interest rates have come into effect from July 1.
The new post office interest rates have come into effect from July 1. The benefit of annual interest is available in this scheme. However, it is calculated on a quarterly basis. The government fixes its interest rates at the beginning of every quarter. The post office recurring deposit scheme is for 5 years. It can then be extended for another five years.
