North India Statesman
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Post Office Scheme Calculation: By investing in Post Office Scheme, you not only get good returns but there is also no risk of losing money. In the post office, you get a chance to invest not in one or two but in many options. You can also open your account in Post Office Recurring Deposit Scheme.
If you invest Rs 300 in this every day, you will have a strong fund of Rs 17 lakh. Let us tell you its complete calculation.
Open account in this post office scheme for just Rs 100
Investment in Post Office Recurring Deposit Scheme can be started from Rs 100, while no limit has been set for maximum investment. The maturity period of this scheme is 5 years. Account can also be opened in the name of a minor in Post Office RD.
Invest Rs 300 in this post office scheme and get Rs 17 lakh.
This scheme is giving compound interest of 6.7 percent. If you save and invest Rs 333 daily in the Post Office RD Scheme, you will invest around Rs 10,000 in this 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 the entire interest of 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.
By investing Rs 200 in this scheme you will get this much money
If you save Rs 222 daily and invest in the RD scheme of the post office, then you will invest around Rs 6,660 in this scheme every month. That means 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 you will get interest of Rs 1 lakh at the annual interest rate of 6.7 percent. If you extend this scheme for another five years, you will deposit Rs 7 lakh in 10 years. By adding interest you will get Rs 10 lakh after 10 years.
