Post Office Recurring Deposit-RD: Everyone should save to meet future financial needs. Well, there are many options to invest money. Many people invest in the stock market, mutual funds or any cryptocurrency. All of this carries a lot of risk. There are many savings schemes for investing in post office
Which also gets tax exemption with higher interest rate. Most importantly, guaranteed by the Government of India. Today we are telling you about such a scheme of post office in which you can earn big profits from small investments. One should invest in Post Office Recurring Deposit (RD) scheme for good returns. Let’s know about this plan.
Safest Investment Investing in the post office not only keeps our money safe, but also gives us good returns. Money never sinks in Post Office Recurring Deposit Scheme investment. Because this scheme is run under the supervision of the government. Large funds can also be created by depositing some money in an RD account. RD account can be started with a deposit of just Rs.100. At present, 5.8 percent interest is being given on the recurring deposit scheme.
Who can open the account Any person above the age of 18 years can open an account in the Post Office Recurring Deposit Scheme. In this you can also open a joint account. A minor’s account can also be opened by the guardian. For this, an account can also be opened in the name of a minor who is above 10 years of age.
You will get so many lakhs on maturity, you can earn good profits from this scheme. If you invest 10 thousand rupees every month in this post office scheme for 10 years. So you will get 5.8 percent interest after 10 years. On maturity, you will get more than Rs 16 lakh. If you deposit Rs 10,000 every month, then you will get Rs 16,28,963 on maturity of 10 years on getting interest at the rate of 5.8 percent.
