Post Office New Scheme: The post office runs many saving schemes for each and every person. You will get other features along with higher returns on this investment. It is also a safe investment. If you are thinking of stepping into the investment era and have not found any interesting investment scheme yet, then stay tuned to this article till its end.
For an RD scheme, where you can save from just Rs 100, then opening an RD with your local post office could be an option worth exploring if you want to set aside some of your income for future investments. Let’s know about this scheme of the post office in detail.
Post Office RD Scheme
The RD scheme by the post office offers investment starting as low as 100 rupees. Currently, the post office scheme attracts an interest at 5.80% and is subject to change as the interest rates change from time to time. The nearest post office would suffice to open the RD account.
This is how you get interest
You will get to know that in case RD is opened with the post office, the investor will be entitled to monthly interest which would be credited to the account with compounding every three months. In case you wish to invest in the post office RD plan, just visit your nearest post office for new account opening and invest your money.
This way you will get 16 lakh rupees
If you put 10 thousand rupees every month under this scheme, then in a period of 10 years, you will deposit a total of 12 lakhs rupees. You can apply interest by post office and get a large amount of 16 lakhs return. Just so you know, minors can invest in the scheme too. However, parents can also invest just by opening an account in their child’s name.
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