Post Office Scheme: If a person invests money in this scheme for a long time, then he can earn a considerable amount for himself.
Post Office Scheme Plan: If you want to invest, then by investing in this post office scheme, you can prepare a thick font worth lakhs of rupees. Post office offers better interest rates to people across the country. Post office schemes are one of the safest investment options in the country, especially for middle class individuals. Recurring Deposit Plan is one of the popular post office schemes and people have found it very helpful. With an initial contribution of only Rs 100 in the post office one can invest in this scheme and get good returns .
Choosing an investment option from the many investment options already available in the Indian market is always a big challenge for people. As a result, it takes longer and requires more work. You can easily find the best investment option for profit.
Anyone who is at least 18 years old can open an account for these savings schemes by signing up with just a few clicks if they want to make an investment. Parents can also open an account for their minor children. Users can also become eligible for the loan using this method. If you open an account under this scheme and deposit 12 installments then people can get loans from banks as security.
As per this arrangement, they are also allowed to borrow up to 50% of their total deposits. People investing in this post office scheme will get interest payment every three months. Interest and compound interest is credited to your account at the end of each quarter. To open an account under this scheme, you have to visit the nearest post office branch.
Will get this much money in 10 years
If a person invests money in this scheme for a long time, then he can earn a considerable amount for himself. For example, if you had deposited Rs 10,000 every month for ten years in a recurring deposit scheme, you would have got Rs 16 lakh. If you pay Rs 10,000 every month for one year, your investment will be Rs 1,20,000. Investing in this scheme for 10 years will cost you around Rs 12,00,000 as you have selected a tenor of 10 years. After this, on maturity of the scheme, you will get a return of Rs 4,26,476. In this case, after 10 years, you will get a total of Rs 16,26,476.
