Getting rich is not a difficult task. All you need is proper planning. Just like this, you can build a huge bank balance by saving a little money regularly. And that too is possible without investing in the stock market. What are you thinking? Then listen, the post office has a scheme in which you can get a return of more than 10 lakh rupees by investing just 200 rupees a day.
The government is giving 6.7 percent interest…
If you want to get good returns, you have to do the post office recurring deposit scheme. Before that, however, open an account with 100 rupees. Then start investing.
Remember, the post is a government organization. There is less risk in keeping money here. Because the government itself guarantees the money kept here. So if you want, you can invest in this scheme with confidence. In this case, you will get interest at a rate of 6.7 percent.
Maturity will be in 5 years
Once you start this scheme, it would be wise to run it for 5 years. Because its maturity is 5 years. And after 5 years, you can extend its term for another 5 years. Through which you will accumulate a lot of money.
Any person aged 18 years or above can open an account and start investing. You can get this service at your nearest post office.
Loans will also be available
It may happen that you suddenly need a loan. And in that case, you will also get benefits from this scheme.
According to post office sources, after depositing money in this scheme for 1 year, you can take a loan of 50 percent. In this case, you will have to pay only 2 percent interest.
There is also a pre-maturity facility
It may not be possible for many to keep money in a recurring deposit for 5 years. In such a situation, you can withdraw the money before the maturity. This is the pre-maturity facility.
Also, if the person in whose name the scheme is running dies, then the nominee can withdraw that money.
How to save 200 rupees and get 1 million rupees?
Very simple calculation. In this case, 200 rupees per day means 6000 rupees per month. You keep this in a recurring deposit. When maturity comes, you will save 360000 rupees. And you will get interest of 68197 rupees. As a result, you will save 428197 rupees.
Then you extend the scheme period for 5 years. In this, you will save 7.20 lakhs in 10 years. Along with this, you will get interest of Rs 205131. As a result, after 10 years, you will get 1025131 rupees.