The dream starts at 100.
"The picture shows a small savings passbook with the first deposit of ₹100. "This is the beginning of the journey of any investor. The best part of the post office RD scheme is that the minimum deposit amount is only ₹100 / month. That is, a person who cannot invest a large amount of money together can also become a part of this scheme. The government has designed it in such a way that every citizen, be it a labourer, employee or housewife, can save for their future needs. This picture is a reflection of that thought.
₹300 / day - Small savings, big money
"In this picture, several ₹300 notes are scattered, along with a calendar with every day's mark on it. "₹300 / day, i. e. ₹9,000 per month. This is the amount that you probably spend on one of your outdoor dinners or small purchases. But what if you save this amount daily and deposit it in the post office RD? This picture begs the question. Your total deposit capital will be ₹5.40 lakh in 5 years, but after getting the interest, this amount will be more than 6 lakh. This is the magic of disciplined saving, which this picture shows very well.
6.7% annual interest - with government guarantee
The image shows the seal of the Government of India and an exterior view of a branch of the post office with a '6.7% RD Interest Rate' board. "This film is about trust. The scheme currently offers an annual interest rate of 6.7 per cent, which is compounded every quarter. That is, you also get interest on your interest four times a year. And most importantly - this rate comes with a government guarantee. That is, your capital is completely safe. Although interest rates are reviewed every quarter, they have remained steady at 6.7 per cent for the past several quarters.
Maturity period of 5 years, extension of 5 years
"There are two calendars in this picture - the first one of 5 years, the second one of 5 years, which together show a period of 10 years. The tenure of post office RD is 5 years. But if you want, you can extend this period for another 5 years. This picture shows the same option. And that's where the ₹15 lakh journey begins. If you extend your RD after 5 years, then in 10 years, your total deposit capital becomes ₹10.80 lakh. And due to compound interest, you get a total of ₹15.20 lakh. That is, you get more than ₹4.40 lakh from interest alone.
Loan facility - Helps in the need of money
"In this picture, a person is filling the loan form in the post office, while his RD passbook is kept on the other side. Another advantage of the post office RD is that it also has the facility of loan. If you have deposited 12 consecutive installments (i.e. 1 year is completed) then you can take a loan of up to 50% of your deposit. The interest rate on this loan is 2% higher than the interest rate of RD. This picture tells the story of that emergency situation, when you need money, but you do not want to break your savings. This loan facility also helps you in financial crisis.
Calculation of investment - ₹300 / day to ₹15.20 lakh
The image shows a large calculator with the numbers ₹10,80,000, ₹15,20,889, and ₹4,40,889. "This picture is of mathematics, but there is a big dream behind it. ₹300 / day i.e. ₹9,000 / month. Total investment in 10 years - ₹10,80,000. Total Amount Available on Maturity - ₹15,20,889. That is, earning ₹4,40,889 from interest alone. These figures show how big even small savings can be if done at the right place and at the right time. This picture clears all the doubts of those who think that a small amount of money cannot make a big fund.
Eligibility - Any one above the age of 18 years
"In this picture, people of different ages are opening an account in the post office together. To open an account in this scheme, you must be 18 years of age or above. Children above 10 years of age can also open an account in their own name, and their guardian can open an account for children below 10 years of age. Best of all, you can open a joint account with up to 3 people. This picture shows the universality of this scheme, that it is for everyone.
Minimum and Maximum Deposits- No restrictions
"In this picture, there is a ₹100 note on one side, and an empty space on the other side where unlimited deposits are shown. "The minimum deposit is ₹100 / month. But there is no maximum limit. You can deposit any amount as per your convenience and income. The deposit can be increased in multiples of ₹10. That is, this plan is flexible according to both your pocket and your need. This picture tells the story of this resilience.
Tax benefits under Section 80C
The image shows an income tax return form with section 80C highlighted on it and an RD passbook with it. Did you know that investing in the post office RD scheme also gives you tax exemption? Yes, these investments are eligible for tax-exemption up to ₹1.5 lakh under Section 80C of the Income Tax Act. However, the interest earned from this scheme is taxable. TDS (Tax Deducted at Source) is also levied if your interest income is more than ₹10,000 per annum. This picture is for those who want to save as well as save tax.
Why did you choose the post office?
The image shows a safe with the words Government of India written on it and a rising graph next to it. "In today's time when stock market and mutual fund fluctuations are common, Post Office RD emerges as a stable, safe and disciplined investment option. This scheme is beneficial for those who want to save regularly without any risk. Whether it is children's education, marriage, buying a house or retirement planning - this scheme can meet your every need. This picture is a symbol of the strength and security of this scheme.