North India Statesman
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News India Live, Digital Desk: Investment Plan: If you are looking for an investment plan where your money 100% safe Stay, you Good returns with guarantee Meet and you can prepare a big fund by depositing a small amount every month, then the post office Recurring Deposit (RD) Scheme There is a great option for you.
This scheme is particularly beneficial for those who cannot invest lump sum amount, but they want to save money for the future by saving a little bit every month.
What is the RD scheme of the post office?
It is a government savings scheme run by Post Office. In this, you have to deposit a certain amount every month for 5 years. On completion of 5 years, you get back your deposited total amount with interest.
The characteristics and benefits of the scheme:
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Security guarantee: This is a government scheme, so there is no danger of sinking your money in it.
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Great interest rate: Currently on this scheme 6.7% annually Interest is being received at the rate of The special thing is that the interest of interest Every three months (quarter) In compounding basis, your money increases rapidly.
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Start with low investment: You merely ₹ 100 per month You can start investing in this scheme from. There is no maximum investment limit.
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Loan facility: If you need money in the middle, then after depositing 12 installments, you can also take a loan of up to 50% of the amount deposited in your account.
Let’s understand the whole mathematics: How much will you get on deposit?
Suppose you every month in this scheme ₹ 5,000 Let’s deposit
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Your monthly deposit: ₹ 5,000
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Plan duration: 5 years (60 months)
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Your total investment in 5 years: ₹ 5,000 x 60 = ₹ 3,00,000
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Interest you get: About ₹ 56,830 (At the rate of 6.7%)
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Total amount received after 5 years (maturity): ₹ 3,00,000 + ₹ 56,830 = ₹ 3,56,830
Similarly, if you every month ₹ 10,000 If you deposit, then after 5 years you ₹ 7 lakhs You will get more than more than.
