Do you want to earn more profits by depositing less money?
Do you want to invest in a safe and government scheme?
If yes, then Post Office Recurring Deposit (RD) scheme is a great option for you.
In this scheme, you can earn more than Rs 3 lakh in 5 years by depositing only Rs 100 every month.
How does Post Office RD Scheme work?
In Post Office RD Scheme you deposit a fixed amount every month for a fixed period.
In this scheme, you get interest on the deposited amount, which depends on the period and amount of deposit chosen by you.
Benefits of investing in Post Office RD Scheme:
Low Deposit Amount: You can start depositing with just Rs 100 every month.
Guaranteed Returns: You will get a fixed interest rate on the deposited amount.
Security: Your money is safe in the government scheme.
Tax Benefits: You can avail tax benefits under Section 80C of the Income Tax Act 1961.
Loan Facility: You can also take a loan against your deposit.
Premature Withdrawal: You can also withdraw your deposit prematurely subject to certain conditions.
How to invest in Post Office RD Scheme?
To invest in Post Office RD Scheme, you have to go to your nearest post office.
You have to fill the application form and submit the required documents.
Required Documents:
Aadhar card
PAN card
address proof
Deposit check or cash
Some important points for investing in Post Office RD Scheme:
Minimum Deposit Amount: Minimum deposit amount is Rs 100.
Maximum Deposit Amount: There is no maximum deposit amount.
Deposit Tenure: You can choose the deposit tenure of 5 years, 6 years, 7 years, 8 years, 9 years or 10 years.
Interest Rate: Currently, the interest rate for general citizens is 7.1% per annum and for senior citizens is 7.6% per annum.
Tax Benefits: You can avail tax benefits on investments up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.
Post Office RD Scheme is a great option for those who want to earn more profits by depositing less money.
This scheme is safe, reliable and tax-advantaged.
If you are looking for a safe and profitable investment plan, then Post Office RD Scheme is perfect for you.
pay attention:
The terms and conditions of the scheme may change from time to time.
Please contact your nearest post office for latest information.
