Post Office Scheme– Every person should invest his earnings in a good scheme. By investing your money in a good place, you not only get profit but you also secure your future. Different people invest their money in different places. Many people invest in the stock market, while many people prefer to make safe investments. Many types of saving schemes are also being run by the post office, in which you can collect a good amount of funds by investing a little. One of these schemes is the Post Office Recurring Deposit i.e. RD scheme.
Post Office RD Scheme
The RD scheme of the post office is a safe scheme, in which the amount invested by you remains safe. The return received is also already fixed. In the RD scheme, you have to invest a fixed amount every month. The maturity period of this scheme is 5 years. Talking about the interest rates of the RD scheme of the post office, this scheme gives an interest rate return of 6.7 percent annually.
If you save Rs 100 every day, you will save a total of Rs 3000 in 1 month. You have to invest this savings in the post office RD scheme for the entire 5 years. At the rate of Rs 3000 every month, you will invest a total of Rs 1,80,000 in 5 years. At the interest rate of 6.7 percent, you will get a total of Rs 2,14,097 on maturity. In this way, you will have a profit of Rs 34,097.
If you close the RD before it matures, you will get interest at the interest rate of the post office savings account. Currently, the interest rate of the post office savings account is only 4 percent.
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