The Post Office RD Scheme is a secure savings scheme of the Government of India, offering 6.7% annual interest (compounded quarterly). You can open an account with just ₹100/month. A deposit of ₹300/day (₹9,000/month) can generate a corpus of ₹15.20 lakh in 10 years.
₹300 / day - Small savings, big money
6.7% annual interest - with government guarantee
Maturity period of 5 years, extension of 5 years
Loan facility - Helps in the need of money
Calculation of investment - ₹300 / day to ₹15.20 lakh
Eligibility - Any one above the age of 18 years
Minimum and Maximum Deposits- No restrictions
Tax benefits under Section 80C
Why did you choose the post office?