Post Office RD Scheme: Invest ₹100 Daily to Build ₹2 Lakh Fund Securely

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If you’re looking to build a substantial fund without high risks, the Post Office Recurring Deposit (RD) scheme is for you. Here’s how you can make ₹2 lakh from a small investment.

How to Build ₹2 Lakh with Just ₹100 a Day

By investing ₹3,000 per month in the Post Office RD scheme, you can accumulate ₹1,80,000 in 5 years. With 6.7% interest, this will grow to ₹2,14,097, including ₹34,097 in interest.

Extend or Close Your RD After 5 Years

One of the advantages of the Post Office RD scheme is the flexibility it offers. After 5 years, you can choose to extend your RD for another 5 years and continue to earn interest. Alternatively, if needed, you can close the RD after just 3 years. However, the interest rate will drop to 4%, which is the same as a regular savings account. This provides you with a low-risk option in case you need to access your money earlier.

Loan Option After 12 Months

Another feature of the Post Office RD scheme is the loan option. After just 12 months of investing, you can borrow up to 50% of your RD amount. The loan will come with an interest rate that is 2% higher than your RD’s current rate, providing you with access to funds in case of an emergency while still benefiting from your savings.

A Safe Investment Option

Post Office RD offers a secure way to save, unaffected by market ups and downs. Invest ₹100 daily and grow your savings steadily.

So, by saving ₹100 a day, you can steadily build up a significant amount, all while ensuring your future financial security. The Post Office RD scheme provides you with an easy, risk-free way to save and grow your money over time.

 

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About the Author

Avijit Das

A sports journalist driven by passion and dedication, I seamlessly blend my love for writing and sports. Currently with Timesbull, I have honed my craft at Sportskeeda, Cricreads, and Athlete Fortune. I live and breathe sports—whether it's football, cricket, cards, or chess, I'm always up for a challenge. A die-hard...

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AvijitDas@tb.com Author at TimesBull TimesBull
A sports journalist driven by passion and dedication, I seamlessly blend my love for writing and sports. Currently with Timesbull, I have honed my craft at Sportskeeda, Cricreads, and Athlete Fortune. I live and breathe sports—whether it's football, cricket, cards, or chess, I'm always up for a challenge. A die-hard football fan, proud Madridista, and loyal Juventus Tifoso, I have turned my passion into my profession. For me, sports aren't just entertainment; they are a way of life and a story worth telling every day. For inquiries, contact me at timesbull@gmail.com.
Avijit Das - Author at TimesBull
About the Author

Avijit Das

Avijit Das - Author at TimesBull

A sports journalist driven by passion and dedication, I seamlessly blend my love for writing and sports. Currently with Timesbull, I have honed my craft at Sportskeeda, Cricreads, and Athlete Fortune. I live and breathe sports—whether it's football, cricket, cards, or chess, I'm always up for a challenge. A die-hard...

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