In this Post Office Yojana, you do not need to deposit a lump sum amount. You can invest by saving from your salary every month.
Post Office Yojana: From the stock market to FD, a large number of people in India invest in different places according to the risk. Those who want to avoid risk, invest in government schemes. Most people focus on investing in the Post Office Small Savings Scheme. In such a situation, we are giving you information about one such scheme of the post office, which will give you a guaranteed return of Rs 80,000.
In this scheme of the post office, you do not need to deposit a lump sum amount. You can invest by saving from your salary every month. This scheme is a recurring deposit of the post office, which gives an annual interest of 6.7 percent. Any citizen can earn profit by investing under this scheme.
You can open an account in the name of a minor as well
This monthly investment scheme is risk-free and you can start investing in Post Office RD with a minimum of Rs 100, while there is no maximum limit. An account can also be opened in the name of a minor in RD. However, it is necessary for the parents to also provide their name along with the document.
How to get a return of 80 thousand rupees
If you invest 7000 rupees every month in Post Office RD, then a total of 4,20,000 rupees will be invested in five years. After five years, when the maturity is completed, then you will get an interest of 79,564 rupees. This means that you will get a total amount of 4,99,564 rupees.
If you do RD of Rs 5000, then a total of Rs 60,000 will be deposited in one year and a total of Rs 3 lakh will be deposited in five years. In such a situation, you will get interest of Rs 56,830 at the rate of 6.7 percent after five years and a total of Rs 3,56,830 will be received on maturity.
Interest changes every three months
The government changes the post office saving scheme every three months. TDS is deducted on the interest received under the post office RD scheme, which is refunded according to the income after claiming ITR. TDS of 10 percent is applicable on the interest received on RD. If the interest received on RD is more than Rs 10 thousand, then TDS will be deducted.
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