Great news for the poor and laborers living in villages! If you want to keep your earned money safe and want to earn a good amount, then Post Office RD Scheme is a great option for you.
In this scheme, you can deposit any amount every month, even if it is Rs 100. After 60 months (5 years) you will get a hefty amount of up to Rs 3 lakh with 6.7% annual interest on the deposit amount.
How is this possible?
Come, in this article we will tell you in detail about the Post Office RD Scheme and calculate the amount you will have to deposit every month to get Rs 3 lakh.
What is Post Office RD Scheme?
Post Office RD Scheme (Recurring Deposit Scheme) is a government savings scheme operated by the Government of India through the Indian Postal Department. This scheme is ideal for those who want to save for the future by depositing small amounts regularly.
Main benefits of investing in this scheme:
Security: This scheme is completely government owned, so the amount you deposit is completely safe.
Guaranteed Returns: You get a fixed interest rate on the deposited amount, which provides you with fixed income for the future.
Regular Income: You can get interest on the deposited amount every month, which provides you regular income.
Tax Benefits: You can avail income tax benefits on the interest earned on deposits.
Loan Facility: You can avail the loan after depositing 12 installments on your deposit amount.
Premature Withdrawal: You can also close your RD account before the maturity period of 60 months, although you will get less interest.
How to invest in Post Office RD Scheme:
You can open RD account in any nearest post office.
To open an account, you have to submit your Aadhar card, PAN card and residence certificate.
You have to deposit at least Rs 100 per month.
You can choose the deposit tenure of 6 months, 12 months, 24 months, 36 months, 48 months or 60 months as per your convenience.
How much amount do you have to deposit every month to get Rs 3 lakh?
If you deposit ₹5,114 per month for a tenure of 60 months, you will receive ₹3 lakh on maturity.
