Investment Tips: By investing only 7 thousand rupees every month in this post office scheme, you can get a return of 5 lakhs. If you invest Rs 7 thousand 174 in the RD scheme of the post office every month for 5 years, then after 5 years at an interest rate of 5.8%, you will get more than Rs 5 lakh.
Investment Tips: If you dream of becoming a millionaire overnight, then it can happen in the dream itself. Here we are telling you about one such scheme of the post office. By investing in which you will be absolutely tension free. You will not have to worry about your investment day and night. If you are doing a job or business, then you do not have the time of the day to keep an eye on the stock market. In such a situation, this scheme is for those people, who think of getting direct returns by investing once.
How to invest in Post Office RD
There is a government guarantee scheme to invest in a small installment with a better interest rate. In this, you can start investing with a small amount of just Rs 100. There is no maximum investment limit, that is, you can deposit money in it. The account for this scheme is opened for five years. However, banks offer the facility of recurring deposit account for six months, 1 year, 2 years, 3 years. Interest on the money deposited in this is earned every quarter (annual interest rate) and it is deposited in your account (compound interest rate) at the end of each quarter.
Know how much interest you will get on Recurring Deposit
The post office is offering an interest of 5.8 percent on the recurring deposit scheme. The Government of India fixes the interest rates of all its small savings schemes every quarter.
5 lakh will be available on depositing about 7 thousand every month
If you invest Rs 7 thousand 174 in the RD scheme of the post office every month for 5 years, then after 5 years at an interest rate of 5.8%, you will get more than Rs 5 lakh.
