As the third wave of Covid-19 is not so far, the Post Office RD scheme is a very good option for all those people who are planning to save some amount from their salaries amid this Pandemic. In this Post Office RD scheme, anyone including a farmer will have to invest a very small amount, which will turn into a big amount after few years.
Moreover, this scheme is best for those who want to earn more money in less time and investment. The best thing about Post Office RD scheme is that you will definitely get guaranteed money security along with good returns in future.
Benefits of Recurring Deposit (RD)
In this Post Office Recurring Deposit scheme, you can earn good profit by investing small. The Recurring Deposit (RD) is giving 5.8% interest, which is much better than FD. In this, you can make big amount by just investing Rs 100 in RD daily.
How much money to invest in a month?
If you invest Rs 5000 each and every month in a Post Office RD, then after a decade (10 years) you will get around Rs 8, 14,481 with an interest rate of 5.8% per annum. Which means you will get Rs 2,14,481 as an interest.
Account can be opened with Just Rs 100
The Post Office RD accounts can be opened for 5 years. Recently, the scheme is getting 5.8% interest. Also, the Government of India announces the interest rate of all its small saving schemes quarterly. A minimum investment of Rs 100 can also be made in the Post Office RD scheme. In this scheme, the returns are given according to the fixed interest.
For more details, visit your nearest Post Office branch or click - https://www.indiapost.gov.in/
