Do you want to secure your future by saving a little every month? Then the Post Office RD scheme is the best for you! This scheme is very beneficial for those who want to save some money every month and accumulate a good amount.
Benefits of investing in Post Office RD Scheme
Regular Savings: You can deposit a fixed amount every month, which keeps your savings habit intact.
Attractive Interest Rate: In this scheme, you get an annual interest rate of 6.7%, which is quite good.
Safe Investment: Being a post office scheme, your investment is completely safe.
Fixed Returns: You get a fixed amount on maturity, so that you can make plans for your future.
Example: If you deposit ₹5,000 every month
If you deposit ₹5,000 every month, your total deposit amount will become ₹3,00,000 in 5 years. On this, you will get an interest of ₹56,830 at the rate of 6.7%. Thus, after 5 years you will get a total of ₹3,56,830.
Other examples
If you deposit ₹4,000 every month, after 5 years you will get ₹2,85,459.
If you deposit ₹6,000 every month, after 5 years you will get ₹4,28,197.
Frequently Asked Questions (FAQs)
What is the investment period in Post Office RD Scheme? The minimum investment period is 5 years.
Can I deposit different amounts every month? No, you have to deposit a fixed amount every month.
Does the interest rate change from time to time? Yes, this interest rate may be revised by the government from time to time.
Can the money be withdrawn before maturity? Yes, but certain terms and charges may apply on premature withdrawal.
So, what are you waiting for?
Visit your nearest post office today and start investing in Post Office RD Scheme! It will be a great step for your future.
This article is for information purposes only. Before investing, please consult your financial advisor.