Many schemes of post office are quite popular. One of these is Recurring Deposit Plan (Post Office Recurring Deposit). You can start investing in this scheme with just Rs 100.
Not only buying gold and silver on Dhanteras, you can also take the first step of investment. If you are looking for a good plan for safe investment on the occasion of Dhanteras, then you should pay attention to this scheme of the post office. Post Office operates many types of Small Saving Schemes for its customers. It has many types of plans available for every income group.
Post office scheme keeps investors’ money safe with better returns. For this reason, a large number of people prefer to invest in the schemes of Indian Post. Many schemes of post office are quite popular. One of these is Recurring Deposit Plan (Post Office Recurring Deposit). You can start investing in this scheme with just Rs 100. It is also called National Savings Recurring Deposit Account (RD).
How much interest do you get?
Recurring deposit is a small savings scheme of the post office. In this scheme your investment amount remains safe. Currently, this post office scheme is giving interest at the rate of 6.7 percent per annum. This interest rate is applicable from October 1, 2023. The central government decides the interest rates of its savings scheme every quarter.
Interest is available every three months
In Recurring Deposit Scheme, you can invest for a period of one year, two years or more as per your convenience. In this, interest is received on the investment amount every quarter and every three months. At the end of every three months, the interest amount along with compound interest is deposited in your account. Anyone can open this scheme by going to the post office. If you invest in this scheme for a long time, you can save a huge amount for yourself.
This way you can raise 17 lakhs
According to the current interest rate, if you make a recurring deposit of Rs 10,000 every month in this scheme, then after 10 years you will get an additional amount of Rs 17 lakh. According to mathematics, if you deposit Rs 10,000 every month, then in a year you will deposit Rs 1 lakh 20 thousand. Similarly, you will have to invest in this scheme for 10 years. In this way you will deposit Rs 12,00,000 as investment. After this, after the maturity of the scheme, you will get Rs 5,08,546 as return. In this way, you will get a total of Rs 17,08,546 after 10 years.
Can get loan
In this savings scheme, any person of 18 years of age or above can open his account. Parents can also open the account of their minor child. In this scheme you also get the facility to take loan. If you deposit 12 installments in this scheme, then you can get loan from banks on the basis of this. You can take this scheme as a loan of 50 percent of the total amount deposited.
