Post Office Scheme, How to Earn Money: If you also want to get a big profit in investing less money, then this scheme can be very effective for you. Actually, many post office schemes are going on.
Post Office Scheme, How to Earn Money: If you also want to get a big profit in investing less money, then this scheme can be very effective for you. Actually, many post office schemes are going on. Under these schemes, good profits can be earned by investing less money. In such a situation, getting good returns by depositing money here is a great option. There is one such special scheme in which you can get good profit in less money. There is one such scheme in which you can invest even from 100 rupees. 5.8% interest is being received annually on the recurring deposit scheme of the post office.
This is how the calculation is done on Post Office RD
According to the information available on the post office website, you can start investing in Recurring Deposit (RD) from Rs 100 in the post office. Also, there is no limit of maximum investment in it. In this scheme, you get an annual interest of 5.8%.
How much money will be received from 10 thousand rupees
If you deposit 10 thousand rupees every month, then after 5 years you will have a guaranteed fund of 6,96,968 rupees and at the same time you will earn 96,968 rupees from interest. In this amount, 6 lakh rupees are for your investment.
How much fund will be available in 10 years
If you extend the Post Office RD scheme once after 5 years for another 5 years, then you will get a guaranteed return of Rs 16,26,476. In this, Rs 12 lakh will be your investment. Whereas, Rs 4,26,476 will be earned from interest.
You can take loan on deposit
Let me tell you, you can also take loan on RD account in post office. There is a rule for this that after depositing 12 installments, you can take a loan up to 50% on the deposit. You can repay the loan in one go or in installments. The loan interest rate will be 2% higher than the interest on RD. Also, you can pre-mature closure of this scheme after 3 years.
