If you are planning to invest in a good scheme for a long period. In such a situation, this news is especially for you. Today we are going to tell you about a very great scheme of the post office. The name of this scheme of the post office is Recurring Deposit Scheme. You get many great benefits by investing in this scheme. The most important thing is that your money invested in this scheme is completely safe. By investing in it, you will not have to face the dangers of any kind of market risk. In the Post Office Recurring Deposit Scheme, you do not have to invest a lump sum amount. In this scheme, you have to invest a fixed amount every month and you get a return on it. In this episode, let us know about this scheme in detail -
At present, an interest rate of 6.7 percent is being given on investing in the Post Office Recurring Deposit Scheme. You can invest in the RD scheme of the post office for 5 years. However, you can get this scheme extended for another five years.
You can invest a minimum of Rs 100 in this scheme at the post office. At the same time, the maximum investment amount limit has not been fixed. In this scheme, you get the benefit of compounding interest.
If you invest Rs 7,000 every month in the RD scheme of the post office. In this situation, you will be able to invest a total of Rs 4,20,000 in five years. If you calculate based on the current interest rate of 6.7, then you will get about Rs 79,564 as interest on your investment in five years. In such a situation, you will have about Rs 4,99,564 collected after five years.
After this, if you extend the RD scheme for another five years. In this situation, you can collect a fund of about Rs 12 lakh. In this scheme of post office, apart from a single account, you can also open a joint account of three people.
(PC: Istock)
