If you are looking for a safe and great return investment plan, then the RD scheme of the post office can be a great option for you. The Indian Post Office not only provides postal services to its customers, but also banking and savings schemes. By depositing a fixed amount every month in the Post Office Recurring Deposit (RD) scheme, you can create a large fund in 5 years. At present, this scheme is getting an annual interest of 6.7%, which makes it even more attractive.
How to get millions from Post Office RD
In RD, i.e., Recurring Deposit, you have to deposit a fixed amount every month. In this scheme, you can start investing even with a small amount of just ₹ 100. There is no maximum investment limit in this; that is, you can deposit as much money as you want. Anyone above 10 years of age can open a post office RD account. If you want, you can also open a single account or a joint account in it.
Investment and Maturity
The post office RD account matures in 60 months, i.e., 5 years. Suppose you deposit ₹ 2,500 every month.
Total investment in 5 years: ₹ 2,500 x 60 months = ₹1,50,000
Interest benefit: ₹28,414.57
Total fund on maturity: ₹ 1,50,000 + ₹ 28,414.57 = ₹1,78,414.57
In this way, by depositing just ₹ 2,500 per month, you can create a fund of more than one lakh 57 thousand after 5 years.
Why choose the post office RD
There are many big benefits of choosing the RD scheme of the post office. The post office works under the Government of India, so your money is completely safe here. You can start investing with just ₹100 per month, making it accessible to everyone. If you need the money before 5 years, you can close your account even after 3 years. The post office RD scheme is an excellent option for those who want to create a large fund for the future by making small savings every month.