Do you also want your small savings to form a big fund? Then the Post Office Recurring Deposit (RD) scheme is perfect for you! It is a savings scheme that helps you secure your future through regular savings.
What is Post Office RD Scheme?
Post Office RD Scheme is a monthly deposit scheme, in which you have to deposit a fixed amount every month. You can invest a minimum of ₹ 100 to ₹ 50,000 in it. You have to choose your monthly investment amount while opening an account, which cannot be changed later. This scheme is for a period of 5 years, which can be extended for another 5 years.
How much interest will you get?
Currently, the Post Office RD scheme is getting an annual interest rate of 6.70%. This rate is revised every three months, ensuring that your money grows safely and securely.
How much will you get on a monthly investment of ₹3,000? (₹3,000 Ke Masik Nivesh Par Kitna Milega?)
If you invest ₹3,000 per month in this scheme, after 5 years you will get a total of ₹2,14,097. In this, your total investment will be ₹1,80,000 and you will get interest of ₹34,097. This is a simple and effective way to create a big fund through regular savings.
What are the withdrawal rules? (Kya Hain Nikasi Ke Niyam?)
Post Office RD scheme does not allow withdrawal of money before 5 years. However, if you want to close the account in an emergency, it can be done after 3 years. In such cases you may have to face a deduction on interest. These rules are made to keep your investment disciplined and safe.
Some important questions
Is there any risk in Post Office RD Scheme? (Kya Post Office RD Scheme Me Koi Jokhim Hai?) No, this scheme is backed by the government, so your money is completely safe.
Does the interest rate change? (Kya Byaj Dar Me Badlav Hota Hai?) Yes, the interest rate is revised by the Indian Government every three months.
Can I change the monthly investment amount? (Kya Main Masik Nivesh Rashi Ko Badal Sakta Hun?) No, the monthly amount cannot be changed once the account is opened.
So, what’s the delay? (To, Der Kis Baat Ki?)
Visit your nearest post office today and find out more about the Post Office RD Scheme. It is a great way to secure your future!