[ad_1]
Post Office Small Saving Scheme: Investing in post office keys is considered the safest. In this, along with Tax Saving Scheme, the facility of loan scheme is also available. To earn good profits with safe investment, you can invest in Post Office Small Saving Scheme. If you want good profits in the long run by investing a small amount every month, Post Office Recurring Deposit can be the best scheme.
Post Office RD Scheme is a popular scheme. Investment in this can be started from just Rs.100. Under this scheme, the government is paying an interest of 5.80 per cent, which is applicable from April 2020. Under the RD scheme of the post office, any Indian citizen can deposit money for one year or two years or 5 years. Multiple accounts can be opened under this.
How is interest calculated
Interest is received every month in the RD scheme of the post office and this interest is deposited in your account with compound rate after three months. If you want to deposit money under this scheme, you can do so by going to any nearest post office.
Investment of 10 thousand rupees every month
Under the RD scheme of the post office, if a citizen invests Rs 10,000 every month and this investment is made for 10 years, then he will get a total amount of more than 16 lakhs. It can also be understood that if you are depositing 10 thousand rupees every month, then you will deposit 1 lakh 20 thousand rupees in a year. Similarly, in 10 years, you will have a deposit of around 12 lakhs. On the other hand, in the form of interest, the return will be more than 4 lakh 26 thousand. That is, those who invest in this scheme for 10 years will get more than Rs 16 lakh.
News Reels
Other advantages of Post Office RD
Under this scheme, any 18-year-old citizen can deposit money, but if parents can deposit money for minor children. After depositing money in this scheme for one year, loan facility is given on it. 50% of the total deposit amount can be taken as loan.
read this also
Post Office: Invest lump sum in this government scheme, you will earn every month, know what is the plan
[ad_2]
Source link