Post Office Savings Scheme: Nowadays, everyone invests somewhere to secure their family’s future. If you are also thinking about investing to secure your and your family’s future, then this news can be very important for you. If you want to build a large fund in the long term without taking too much risk, then the Post Office Recurring Deposit (RD) scheme can be an excellent option for you. This scheme is especially suitable for those who want to build a large sum of money in the future by investing small amounts.
Build a Fund of More Than ₹25 Lakhs in 10 Years?
If you deposit ₹15,000 every month in a Post Office RD for 10 years, your total fund at maturity can reach approximately ₹25.68 lakhs. During this period, your total deposit will be ₹18 lakhs, and the interest earned will be approximately ₹7.68 lakhs. This investment is based on a compounding interest rate of 6.7% per annum. Due to long-term investment, your money grows safely, and investors get stable returns.
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Benefits of Investing for 5 Years
If you invest in RD for only 5 years and deposit ₹15,000 every month, you can get approximately ₹10.71 lakhs at maturity. During this period, your total deposit will be ₹9 lakhs, and the interest earned will be ₹1.71 lakhs. This clearly shows that returns increase significantly with longer investment periods.
Learn About the Features of Post Office RD
This scheme is fully government-guaranteed, so the investment risk is very low. It is not affected by market fluctuations. It also instills the habit of regular investment in investors, and it is possible to start with a small amount. Keeping the investment for a long time provides the full benefit of compounding, which helps in rapidly increasing the fund.
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Things to Keep in Mind Before Investing
When investing in RD, it is important to deposit the monthly installments on time. If you miss an installment in any month, a penalty may be levied. The interest rate changes from time to time, so long-term investments are more beneficial.
5-Year vs. 10-Year RD Comparison
In a 5-year Recurring Deposit (RD), the total deposit amount is ₹9 lakh, and the interest earned is ₹1.71 lakh, resulting in a total fund of approximately ₹10.71 lakh at maturity. In a 10-year RD, the total deposit amount is ₹18 lakh, and the interest earned is ₹7.68 lakh, resulting in a total fund of approximately ₹25.68 lakh. This clearly shows that the returns increase manifold in long-term investments.
Adarsh P
Adarsh Pal is a content writer at Timesbull Media. He specializes in writing news related to industry updates, the automotive sector, banking, telecommunications, the travel sector, and personal finance. Adarsh has previously worked with several digital media channels. He is skilled at presenting news accurately and disseminating information based on...
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