Post Office Scheme Calculation: Investing in post office scheme not only gives you good returns but there is also no risk of losing money. In the post office, you get the opportunity to invest in many options, not just one or two. You can also open your account in the Post Office Recurring Deposit Scheme.
If you invest Rs 300 every day in this, then you will have a strong fund of Rs 17 lakh. Let us tell you its complete calculation.
Open an account in this post office scheme for just Rs 100
Investment can be started in the post office recurring deposit scheme with Rs 100, while no limit has been set for maximum investment. The maturity period of this scheme is 5 years. An account can also be opened in the name of a minor in Post Office RD.
Get Rs 17 lakh on investing Rs 300 in the post office scheme
This scheme is offering a compound interest of 6.7 percent. If you save and invest Rs 333 daily in the post office RD scheme, you will invest about Rs 10,000 in the scheme every month. In this way, your Rs 1.20 lakh will be invested in this scheme in the whole year. After 5 years, your fund in this scheme will become Rs 5,99,400 and at the annual interest rate of 6.7 percent, you will get interest of a full Rs 1 lakh.
That means in 5 years you will have a fund of Rs 7,14,827. If you continue this scheme for another five years, you will deposit Rs 12 lakh in 10 years. After adding interest, you will get Rs 17 lakh after 10 years.
You will get this much money on investing Rs 200 in this scheme
If you save Rs 222 daily and invest in the Post Office RD scheme, then you will invest about Rs 6,660 every month in the scheme. That is, you will invest Rs 81 thousand in the whole year. After 5 years, your fund in this scheme will become Rs 4,28,197 and at the rate of 6.7 percent interest per annum, you will get interest of Rs 1 lakh. If you extend this scheme for another five years, then you will deposit Rs 7 lakh in 10 years. By adding interest, you will get Rs 10 lakh after a full 10 years.
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