In today’s modern era, husbands and wives are sharing the financial responsibilities of the house. If you also want to create a big fund with your partner, then Post Office RD is the best investment plan for you. This is a way where both of you together can create a fund of ₹ 25 lakh, even with small savings.

Why only Post Office RD

If you do not want to invest money in risky investment options like the stock market or mutual funds, then post office savings schemes are the safest option for you. In these schemes, your money is completely safe and you get guaranteed returns. If you do not have a large lump sum amount, then you can save a small amount from your salary every month and deposit it in the Post Office RD. This scheme is perfect for working couples who want to create a strong fund for their future without any risk.

How will the fund of ₹ 25 lakh be prepared

In a Post Office RD, you can open a joint account with your spouse. Suppose both of you together save ₹7,500 from your salary every month. In this way, your total monthly savings will be ₹15,000. You have to deposit this ₹15,000 every month in a post office RD account. Its maturity period is 5 years, but you can extend it for another 5 years.

In this way, in just 10 years, both of you together will create a fund of more than ₹25 lakh. Your total investment in this period will be ₹18,00,000, on which you will get an interest of ₹7,62,822, which will make your total maturity amount around ₹25,62,822. In this way, in just 10 years, both of you together will create a fund of more than ₹25 lakh.

Key features of the scheme

Some special features of Post Office Recurring Deposit make it an excellent investment scheme:

You can open a single or joint account in it.

You can start investing with just ₹ 100, with no maximum limit.

After 1 year of opening the account or after 12 monthly deposits, you can take 50% of the deposit amount as a loan.

You can also close it after 3 years of opening the account.

At present, Post Office RD is getting an interest rate of 6.7%, which is compounded every quarter.

Long-term Investment

Post Office RD offers guaranteed returns, making it the best option for those who want to avoid the fluctuations of the stock market. This scheme also makes you develop the habit of depositing a fixed amount every month, which gives a big benefit in the long term. So adopt this investment plan today with your partner and secure your future.