Through the post office, you can make a small fund big! With this amazing scheme of the post office, you can become a millionaire by saving just ₹ 50 every day. Yes, we are talking about the Post Office RD scheme. Often we want to invest, but stop at the thought that a big fund will be needed for this. This is completely wrong. The Post Office RD scheme is so amazing that you can become a millionaire even by investing ₹ 50 in it. Let’s understand it with the help of calculation and see how it can transform your financial journey.
How to make lakhs from ₹ 50 every day
You can create a big fund by saving a small amount of ₹ 50 every day. If a person saves ₹ 50 every day, they will save ₹ 1500 every month. You can become a millionaire by investing your savings in the post office. Below, we have told you a way to invest ₹ 1500 in Post Office RD.
Calculation:
Investment amount: ₹ 1500 per month (saving ₹ 50 every day)
Return: 6.7 percent
If a person saves ₹ 50 every day and deposits ₹ 1500 every month. On the other hand, if you invest it in Post Office RD every month, then according to a 6.7 percent return, you will get ₹ 1,78,415 after 5 years. With this, you will get a total return of ₹ 28,415. In this way, you can create a fund of lakhs by saving ₹ 50.
On the other hand, if you invest ₹ 1500 for 3 years, then according to a 6.7 percent return, you will get ₹ 99,874. At the same time, you will get a total return of ₹ 9874. This shows how long-term investment can give you extraordinary benefits.
Basic information related to Post Office RD
The Post Office RD scheme is an excellent option for investment. You can include it in your portfolio as a safe investment.
You can start this scheme with an investment amount of ₹ 100.
There is no limit on the maximum investment amount.
Its tenure is 3 years, but it can be extended up to 5 years.
This scheme helps you to get into the habit of regular savings and achieve your financial goals. It is an ideal option for those who want fixed returns and capital safety.