Post Office Scheme – If you are looking for a safe platform for investment, then Post Office RD Scheme can be a better option. By investing in it, you can create a huge fund for the future. According to the information received from the official website of the post office, this scheme is currently giving a return of up to 6.7 percent. Post Office RD scheme can be started by investing just Rs 100. The return received in this scheme is calculated every quarter. Let us know how to become a millionaire by investing in Post Office RD scheme.
Investment amount- Rs 5000 per month
Investment period- 10 years
Return- 6.7 percent
Calculations
If you invest Rs 5000 every month in the Post Office RD scheme, if this is done for 10 years, then at the rate of 6.7 percent return, you will get Rs 8,54,272 in 10 years. The return received in these 10 years will be Rs 2,54,272. Along with this, the investment amount in these 10 years is going to be Rs 6 lakh. Which means that with this scheme itself, you have earned Rs 2 lakhs while sitting.
In this way, if the monthly investment amount is increased, the return can be even higher. If you invest Rs 8000 every month in this scheme for 10 years, then at the rate of 6.7 percent return, you will get a total return of Rs 13,66,840. At the same time, the amount received in return will double. Which means that the return received from the scheme in these 10 years will be Rs 4,06,840.
If you want to save for any future expenses, then RD scheme can be a better option. Apart from this, if you are looking for better returns, then you can also invest in mutual funds. However, the returns received in this are not guaranteed.
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