Post Office Special Scheme: Invest in post office and get ₹35,00000 in 5 years, check scheme calculation here
Post Office Special Scheme: It is safe to invest in the RD scheme of the post office. By investing in this scheme for 5 years, you can create a strong fund for yourself…so let us know about it.
Post Office Special Scheme: People always find investing in post office schemes the best, investment here is considered safe. This is the reason why people invest their hard earned money in the post office recurring deposit (RD) scheme. In this scheme, you deposit a fixed amount every month, which works exactly like SIP but there is no market risk in it. By investing in this scheme for 5 years, you get a fixed interest rate and can get a good amount on maturity. This scheme also inculcates the habit of regular savings.
Who can invest
The most special thing about the Post Office RD scheme is that you can start investing in it with just ₹ 100 per month, which makes this scheme very accessible to common people. There is no maximum investment limit in this. Anyone can avail the benefits of the Post Office RD scheme, even a minor above 10 years of age can open an account with the help of his parents or guardian.
Let us tell you that the RD scheme of the post office has been made even easier, because now you can open an account in it through mobile banking or e-banking. If a minor turns 18 years old, then he will have to fill a new KYC document and a new form for account operation.
Account opening rules
By the way, there are some easy but important rules for depositing money in a post office RD account. You have to deposit the first installment at the time of opening the account. So if you have opened the account before the 16th of the month, then the next installment has to be deposited by the 15th of every month. But if the account is opened after the 16th, then it will be necessary to deposit the money from the 16th of every month to the last working day of the month.
Understand the whole game of calculation
If you invest ₹ 50,000 every month in the RD scheme of the post office, then in 5 years your total investment amount will become ₹ 30 lakhs. You will get an annual interest rate of about 6.7% on this investment, according to which you can get an interest of ₹ 5,68,291. The special thing is that even after TDS deduction, you can get a total amount of around ₹ 35.68 lakh.
Loan facility will be available
Let us tell you that in this RD scheme of Post Office, investors also get the facility of loan. If an investor has paid 12 installments continuously after opening the account i.e. the account has become 1 year old, then you can take a loan of up to 50% of your deposit amount. This loan can be repaid in lump sum or monthly installments. However, if the loan is not repaid on time, it is recovered from the deposit amount when the account is closed. (Note: This article is for information only and should not be considered as investment advice in any way, suggest consulting financial advisors for investment)
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