Post Office RD Scheme: Let us tell you that most of the people in India invest their money in a Small Saving Scheme in the Post Office and focus on it. In such a situation, we are going to tell you here about the post office scheme where you are getting a guaranteed return of ₹ 80000.
Any citizen can get good profits by investing in this scheme. You do not need to deposit a lot of money in this post office scheme, you can invest the money by saving your salary every month in this post office scheme. This scheme is a Post Office Recurring Deposit, which gives an annual interest of 6.7 percent.
Accounts opened in the name of children
Investing every month in this scheme is risk-free. You can start investing in Post Office RD with a minimum of ₹ 100 and no maximum limit has been fixed. In Arabic, an account can be opened in the name of a minor, however, the parents need to give their names along with the document.
This way you get a return of ₹ 80000
If you invest ₹ 7000 every month in the post office road, then in 5 years you will accumulate a total of approximately ₹ 4 lakh ₹ 20000. When maturity is completed after 5 years, interest of Rs 79564 will be given separately. In this way, you will get a total of Rs 499564.
If you invest Rs 5000, then a total of Rs 60000 is deposited in 1 year, Rs 300000 is deposited in 5 years, in this case, you will get 6.7% interest in 5 years, thus you get an interest of Rs 56830 and on maturity you will get Rs 356830.
Interest changes every 3 months
The government makes changes every 3 months under the Post Office Saving Scheme. TDS is deducted from the interest received under the Post Office RD Scheme. Those who claim ITR are refunded as per income tax. If the interest received on RD is more than ₹ 10000, TDS is deducted.
