When it comes to investing, most people believe that a large investment is necessary to achieve high returns, but in reality, this is not the case. If you are looking for a safe and reliable investment without any risk, the Post Office Recurring Deposit (RD) scheme could be the best option for you. You can start investing with a very small amount and build a corpus of lakhs of rupees over time.
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Start investing with just ₹100
The Post Office Small Savings Scheme is designed for those who want to make safe investments with small amounts. You can start with just ₹100 in the RD scheme. There is no maximum investment limit in this scheme, meaning you can deposit as much money as you want according to your capacity.
The investment period is also fixed, which can generally range from one year to several years. The Post Office adds interest to this scheme every three months, ensuring your investment grows regularly. Currently, the annual interest rate is 6.7 percent.
Who Can Invest?
Anyone aged 18 years or older can open an account under this scheme. If a child is a minor, their parent or guardian can also open an account in their name. The most important feature of this scheme is that it is fully guaranteed by the government, so investors do not have to worry about the safety of their funds.
Loan Available When Needed
The Post Office RD scheme is not only a means of saving but also a means of financial assistance in times of need. If an investor needs money, they can also take out a loan against their deposit. This scheme offers a loan of up to 50 percent of the account balance, which can be repaid in 12 easy installments. For this, you need to contact your nearest Post Office branch.
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Learn the complete calculation
If you invest ₹200 daily, it’s equivalent to ₹6,000 per month. Investing this for two years at an interest rate of 6.7 percent will result in a total investment of ₹144,000. You’ll earn ₹10,112 in interest, meaning your total amount will be ₹154,112 after two years. This shows how small savings can add up to significant sums over the long term.
