Post Office Scheme: There are many benefits of investing in post office schemes. In this, you get strong returns along with safe investment. If you are thinking of investing money somewhere, then you can invest money in the schemes run by the post office.
You can easily start investing in the small savings schemes of the post office. Today we are going to tell you how you can get Rs 8 lakh after 10 years from the post office scheme and what you will have to invest in for this.
Invest in this scheme of post office
You can make a strong investment by investing in the recurring deposit scheme of post office. The maturity period in this scheme has been fixed for 5 years, which can be extended to 10 years. By investing in it, you will get up to 6.7% interest.
Investment in this can be started from Rs 100, while no limit has been fixed for maximum investment. Apart from this, if you deposit 12 installments continuously, then you get the facility of loan. After one year, you can take a loan of up to 50 percent of the amount deposited in your account.
This is how you will get 8 lakh rupees after 10 years
If you invest Rs 5,000 every month in the Post Office recurring deposit scheme, then in its maturity period i.e. five years, you will deposit a total of 3 lakh rupees and Rs 56,830 will be added to the interest rate at the rate of 6.7 percent.
After this, your total fund will become Rs 3,56,830. Now if you extend this account for another five years, then the amount deposited by you in 10 years will be Rs 6,00,000. Along with this, the interest amount on this deposit at the rate of 6.7 percent will be Rs 2,54,272 and if seen in this way, then your total fund deposited in a period of 10 years will be Rs 8,54,272.
This is how you can open an account in this Post Office scheme
You can open an account in the Post Office Recurring Deposit Scheme by visiting the nearest Post Office. The maturity period of this scheme is five years. An account can also be opened in the name of a minor in Post Office RD. In this, parents are also required to give their name along with the document.
