Post Office Recurring Deposit Scheme or Post Office RD Scheme is a very popular savings plan for Post Office customers. In this scheme, you can get a large amount of money by saving a small amount every month according to your ability.

The new addition to this scheme is the Post Office Piggy Bank Scheme, where you can get a guaranteed return of ₹2.5 lakh by saving just ₹100.

This report explains the benefits of Post Office RD Scheme, the interest rate, how to invest, the documents needed, and how much money can be invested in detail.

What is Post Office Recurring Deposit (RD) Scheme?

Financial security and saving for the future are very important today. Post Office RD Scheme is a government savings plan that gives good returns with a small investment. You can start with just Rs. 100 per month. It is a safe and profitable investment because the government guarantees your money.

The scheme runs for 5 years. You deposit a fixed amount every month. It works like a piggy bank, turning small savings into a large sum. Currently, the scheme gives 6.7% annual interest, which is compounded on your deposits. The biggest benefit is safety, and you can invest according to your ability.

Who Can Invest and How to Earn Big?

Anyone can invest in Post Office RD Scheme, even people with low income. The minimum deposit is 100 taka per month. You can open a single or joint account, and parents can open an account for their child. There is no maximum limit, so small and big investors can join.

You can earn 2.5 lakh Rs by saving 100 taka every day. If you deposit 100 taka daily, that is 3,000 taka monthly. In 5 years, you deposit 1,80,000 taka. With 6.7% interest, you get about 34,097 taka as interest. Your total money becomes 2,14,097 taka. If you keep it for another 2 years, it can grow to 2.5 lakh taka with tax benefits. Saving more will give more returns.

Benefits of Post Office RD Scheme

  • Safe investment with government guarantee
  • Start with a small amount, affordable for all
  • Savings grow fast due to compound interest
  • Loan facility before maturity
  • Encourages habit of regular saving