If you also want to deposit money for the future of your child, then today we are going to tell you about such a scheme of the post office in this news. Your investment of Rs 67 can make your child a millionaire. Let us know in detail about the scheme in the news below.
In today's era, when young couples think of becoming parents, they also start financial planning related to the child coming along with it.
Now if you are also planning your baby or have recently become parents, then just invest Rs.67 per day in this scheme for your New Born Baby. When your child will be 5 years old, he will become a millionaire.
Get RD opened in Post Office-
The best option for small savings in India is Post Office Saving Schemes. There are more than 1.5 lakh post offices across the country. This means that you will get this great saving option for children near your home. One of the saving schemes of the post office is 5 years RD. In this, you have to deposit a fixed amount every month.
As a parent, you can open this RD in the name of your child by becoming a guardian and can take advantage of this scheme. According to the current rules, an annual interest of 5.8% is available on Post Office RD. This is more than the interest of a normal savings account. At the same time, this interest gets added to your amount on a compounding basis every quarter.
Only 2000 rupees will be deposited in a month-
If you open this RD account in the name of your New Born Baby, then you will have to invest only Rs 2,000 in a month at the rate of Rs 67 per day. In this way, during 5 years, you will deposit an amount of Rs 1.20 lakh in this account and when your child will be 5 years old, he will become a millionaire. At the same time, a significant amount of interest would have been added to it and you will get it with maturity. In this way, a substantial amount will be accumulated in the name of your child.
Loan and pre-maturity facility also-
If you suddenly need the money deposited in this RD, then you also get the facility of pre-maturity after 3 years. In such a situation, this amount can be useful at the time of school admission of the child. At the same time, after running this scheme continuously for one year, you can also take a loan instead.
