The Post Office Scheme is considered the best for investment. In this, the investment is safe, and at the same time,e a guaranteed return is available. There are many schemes of the Post Office, which give strong profits on investment. Today, we are going to tell you about the Post Office RD Scheme. By investing a small amount in this scheme, you can create a big fund.
Post Office RD Scheme gives a strong interest. To open an account in this scheme, you can go to the nearest post office. If you want to take advantage of this scheme, then you have to invest in it.
How much interest is available in the Post Office RD Scheme
6.7 per cent annual interest is given in the Post Office RD Scheme. You can get interest at the rate of 6.7 per cent annually by investing a small amount in it. The duration of this scheme is 5 years. That is, you can invest in it for 5 years.
Build a huge fund by depositing Rs 10,000 every month
If you deposit Rs 10,000 every month in the Post Office RD scheme for 5 years, then you will get a total of Rs 7,13,658 on maturity. You will deposit a total of Rs 6,00,000 in the scheme in 5 years. Out of this, Rs 1,13,658 will be for interest.
A loan facility
A loan facility is also available in the Post Office RD scheme. You can go to the post office and take a loan by submitting a loan application letter. In this, 50 per cent of the deposited amount can be taken as a loan after 1 year. At the same time, after 1 year of starting the scheme, the facility of premature withdrawal can be availed.
Opening an account in the scheme and the duration
If anyone wants to open an account in the scheme, then the account can be opened by going to the nearest post office. An account can be opened in the scheme for 5 years. Not only this, after the completion of the 5 years, the scheme can be extended for another 5 years.
How much can I invest in the scheme?
Talking about investing in the Post Office RD scheme, a minimum of Rs 100 can be deposited every month. There is no limit on the maximum investment in it.
Post Office RD Scheme is an amazing scheme. By saving small amounts in it, one can get a big return. It provides security on investment and gives guaranteed returns. In a way, it is a safe and beneficial option.