Post Office Recurring Deposit Scheme: If you are planning to save in the Corona era, then Post Office RD can be a good option for you. In this scheme you can also start with small investment. Apart from this, you can make big money in less money. The best thing is that here you will get guaranteed money security along with good returns. In such a situation, you can invest without risk.
Benefits of recurring deposit
In the Post Office Recurring Deposit (RD) scheme, you can make a large amount by saving small. The post office RD is getting 5.8% interest, which is better than FD. You can make a big amount by investing only 100 rupees daily in RD.
Investment of 5 thousand every month
If you invest 5 thousand rupees every month in the post office’s recurring deposit, then after 10 years you will get about 814,481 rupees at the interest rate of 5.8% per annum. That is, you will get 214,481 rupees as interest.
Account opened with Rs 100
Post office recurring deposit accounts can be opened for five years. Currently, the scheme is getting 5.8 percent interest. Explain that the Government of India announces the interest rate of all its small savings schemes every quarter. A minimum of Rs 100 can be invested in the post office recurring deposit scheme. In this scheme, returns are given according to fixed interest
How to open account?
You can also open a post office recording deposit account in the name of young children. If you are 10 years or older, you can operate it yourself. 3 people can open a joint account together. You can also open one or more accounts. For this you can contact the local post office.