At present, there are many people who think of investing in a good place to secure their future. If you are also one of those people then this news is of great use to you.
Let us tell you that there are many such government schemes, in which investment can be started with just Rs 100.
One such scheme is the Post Office Recurring Deposit Scheme (5-Year Post Office Recurring Deposit Account). Where, if you keep a target of saving Rs 500 every day, then there will be a saving of about Rs 15,000 in a month.
If this amount is deposited every month in the recurring deposit (RD) of the post office, then in the next five years this amount will exceed Rs 10.45 lakh.
According to the information available on the Post Office website, one can start investing in Recurring Deposit (RD) with just Rs 100. It has the facility that once the account is opened with Rs 100, you can make further deposits in multiples of Rs 10-10.
There is no maximum investment limit in this. Let us tell you that the RD of the Post Office is currently getting 5.8% annual interest, in which the compounding of interest is done on a quarterly basis.
In this, if you deposit Rs 15,000 every month according to daily savings of Rs 500, then after maturity in five years (60 months), you will get about Rs 10.45 lakh. In this, the interest income will be more than Rs 1.45 lakh.
The best thing about this scheme is that you can also take a loan. After depositing 12 installments, a loan can be taken up to 50% of the amount deposited in the account, the loan can be paid in lump sum or in installments.
