Post Office Scheme- In today’s busy life, saving money for the future has become a necessity. Whether it is children’s education, building a house, wedding expenses or retirement plans, money is needed for everything. But many people want to invest their savings in a place where there is absolutely no risk and the returns are also good.
In such a situation, if you are looking for a low-risk and government-guaranteed option, then the Post Office RD scheme (Recurring Deposit) can be a great opportunity for you. In this scheme, you can save up to Rs 7 lakh in just five years.
What is Post Office RD Scheme?
Post Office RD scheme is a savings scheme in which you deposit a fixed amount every month. This scheme is run by the government, so it is completely safe and reliable. Interest is compounded every quarter (once in three months), which makes your money grow rapidly.
How will Rs 7 lakh be saved?
The best thing is that you can start this scheme with just Rs 100 per month, but if you deposit Rs 10,000 every month, you can get a total of Rs 7,13,659 in five years. In this, your total deposit amount will be Rs 6 lakh and you will get a benefit of Rs 1,13,659 in the form of interest.
This scheme is initially for five years, but if you wish, you can extend it for another five years. That is, you can create a big fund by investing in it for a total of 10 years. Currently, for the quarter from July to September 2025, the Post Office RD scheme is offering 6.7% annual interest. This interest is compounded every quarter, which increases your savings rapidly. This rate is reviewed by the government every three months.
Another good thing about this scheme is that if you suddenly need money, you can take a loan of up to 50% of your deposited amount after one year. However, the interest rate on this loan is 2% higher than the interest rate of RD.
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