At present, you are getting the benefit of interest at the rate of 5.8 percent on the 5-year RD of the post office. You have to invest at least Rs 100 in this scheme. In this, you can also open a single account. Along with this, 3 adults can also get a joint account opened together.

You have to deposit money in multiples of 10 in this scheme. You have to deposit money in it on time. If you delay in giving its installment or you forget, then you also have to pay late fees.

If you deposit Rs 5000 every month in this scheme and you get the benefit of interest at the rate of 5.8 per cent on the scheme. If you invest continuously for 5 years then you will get 3 lakh 48 thousand 480 rupees.

In this, your deposit amount will be Rs 3 lakh. At the same time, you will get a return of about 16 percent on this. According to the rules, you can also extend this scheme for 5 years.

How to get 8 lakh

If you extend this scheme for 5 years, then your RD will be for 10 years. In this you will get 8 lakh 13 thousand 232 rupees on maturity. In this, the total deposit amount will be Rs 6 lakh and on top of that you will get the benefit of interest.

The post Post Office Super RD Plan: You will get full 8 lakhs in just 5000 rupees, know how? first appeared on Rightsofemployees.com.

Senior Citizen Saving Scheme

Investors get huge benefits on the Senior Citizen Saving Scheme of the post office. In this government scheme, you are getting the benefit of interest at the rate of 7.4 percent. Along with this, the interest rates are reviewed every quarter by the government. So the amount of interest can also change in this.

Let us tell you that in this government scheme, along with good returns, you also get the benefit of tax benefits . Today we will tell you how you can earn more than 1 lakh every year by investing money in this scheme.

How much can you invest?

You have to invest a minimum of 1000 rupees in this government scheme. After this, you can also increase the investment in it in a multiple of 1000. You can invest a maximum of 15 lakhs in this. Its maturity period is 5 years, but account holders can extend this scheme for another 3 years.

You will get tax exemption up to 1.5 lakh, under 80C of Income Tax, you can get the benefit of exemption up to 1.5 lakh. At the same time, if the interest you get is more than 50,000 then you will have to pay tax on it.

How to get Rs 1,11,000

If an investor has deposited Rs 15 lakh i.e. the maximum amount in this government scheme and he is getting the benefit of interest at the rate of 7.4 percent, then according to this he will get Rs 27750 every quarter. At the same time, if we look at its annual amount, then it will become Rs 1,11,000.

If you open a joint
account, then the maximum investment limit will increase to Rs 30 lakh. After doubling the investment amount, the interest will be doubled to Rs 2.2 lakh.

The post Good news for Post Office customers! These people will get Rs 1,11,000 every year, check quickly first appeared on Rightsofemployees.com.