North India Statesman
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News India Live, Digital Desk: Post Office Superhit Scheme: Everyone wants to increase their hard earned money and increase it. But the fear of stock market fluctuations often prevents us from investing. If you are also looking for an option where your money is 100% safe and good interest is also available on it, then this scheme of post office is for you.
We are talking Post Office Recurring Deposit (RD) Scheme of. This is a kind of digital piggy, in which you put a fixed amount every month and after 5 years you also get good interest with your deposit.
What is the specialty of this scheme?
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Guaranteed Return: This is a government scheme, so there is no danger of your money drowning.
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Attractive interest rate: Currently on this scheme 6.7% annually Interest is being received at the rate of The best thing is that interest is calculated every three months (quarterly compound), which gives you the benefit of ‘interest on interest’.
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Savings habit: It has to deposit money every month, which makes a good habit of saving in a disciplined manner.
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Short start: You can start this scheme only from ₹ 100 per month.
Let’s understand the complete mathematics of earning
Suppose you every month in this RD scheme ₹ 5,000 Let’s decide to submit.
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You will submit every month: ₹ 5,000
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Total deposit period: 5 years (ie 60 months)
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Your total deposit amount: ₹ 5,000 x 60 = ₹ 3,00,000
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You will get interest at the rate of 6.7%: About ₹ 59,776
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Total amount will be received on maturity after 5 years: ₹ 3,00,000 (your deposit) + ₹ 59,776 (interest) = ₹ 3,59,776
So you saw! Without any risk, you can create a good fund in 5 years with a savings of just ₹ 5000 months. This is a great option for those who want to add money for children’s education, marriage or any big expense. So what is the delay, go to your nearest post office today and take advantage of this magnificent scheme.
