Safe investment with government guarantee

Post Office RD Scheme is a small Saving Scheme It is supported by the Government of India. You get complete security by investing in it, because this scheme runs completely under government supervision. Along with this, the interest received in this is also more than the fixed deposits of many banks.

Start with just ₹100

The best thing about this scheme is that you can start investing with just ₹ 100. This means that you do not need a large amount, but you can create a large capital by saving a little every day. This scheme is especially good for those who want to save on a monthly basis.

Opening an account is now even easier

Now you can open an account of Post Office RD scheme through mobile banking or e-banking. Apart from this, any person can open an account in it. Even a 10-year-old child can join this scheme with the help of parents. As soon as he becomes an adult, he will have to update the account with new documents.

Loan facility

17 lakh fund by saving 333 rupees

The post Post Office RD: High Returns, Zero Risk – ₹333 Can Turn Into ₹17 Lakh Over Time first appeared on Rightsofemployees.com.

Post Office Investment Schemes
Whenever we have a lump sum amount and think of investing, the first thing that comes to our mind is Fixed Deposit. This is because the return of FD is fixed. Also, there is no risk. But, before taking a decision about investment, we often forget to look into the post office schemes. Like banks, post offices also run investment and savings schemes. These schemes are of both short and long types. Post Office Recurring Deposit Scheme is one such scheme.

Post Office Recurring Deposit
With the help of Post Office Recurring Deposit (RD), you can easily create a big fund. If you keep investing a fixed amount every month in it. If you continue investing for 5 years, then you will have a big amount in your hand on maturity.

Post Office Recurring Deposit
With the help of Post Office Recurring Deposit (RD), you can easily create a big fund. If you keep investing a fixed amount every month in it. If you continue investing for 5 years, you will have a big amount in your hand on maturity.

Who can open an account?
Any person can open an RD account in the post office. If you are 10 years or older, you can operate it yourself. 3 people can also operate it together in a joint account. The minimum limit for investing in the RD scheme of the post office is Rs 100. The maximum limit is not fixed.

How much interest is being given now?
Right now 6.70% annual interest is being given on RD. The interest rate is compounded on every quarterly basis. That means you get interest on interest as well. If you take a loan on RD, then you will be charged interest on the loan amount as 2% + interest rate applicable on RD account. That means you will get loan at an interest rate of 8.7% per annum.

How much loan will you get?
You can also get a loan on the money deposited in RD. If you deposit 12 installments continuously in a five-year RD, then you can avail the facility of a loan of 50% of the deposited amount. There is no need to break the RD for this. The interest on this loan is less than that of a personal loan.

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The post Post Office : With this scheme of Post Office, you can become a millionaire by depositing very little money! Know about it first appeared on Rightsofemployees.com.

Also, there is no fear of losing money in these schemes because the post office schemes are government schemes. The returns received in these are also fixed.

If you do not have money to invest in the post office scheme, then there are schemes being run by the post office in which you can earn profit by investing a little every month. Along with this, you will also accumulate funds. One such scheme is the Post Office Recurring Deposit (RD) scheme.

Post Office Recurring Deposit (RD)

You can invest a little bit every month in the Post Office Recurring Deposit (RD) scheme. In this scheme, you can start investing with just Rs 100 every month. In this scheme, you get interest at the rate of 6.7 percent. The maturity period of this scheme is 60 months i.e. a full 5 years.

Investing like this will give you a profit of up to Rs 80,000

If you invest Rs 7,000 every month in the Post Office RD scheme for the entire 5 years, then you will invest Rs 4,20,000 in this scheme in 5 years. After 5 years, you will get a total return of Rs 4,99,560. Out of this, Rs 79,560 will be your interest only.

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The post Post office RD scheme: Get a profit of up to Rs 80000 by investing little every month first appeared on Rightsofemployees.com.

If you are also looking for such a scheme, then the RD scheme of the post office can be a great option. In this, you do not need to invest a large lump sum amount, rather you can earn good returns by depositing a fixed amount every month.

If you invest Rs 7000 per month in this scheme, let us know how much money you can save in 10 years.

The interest rate of the Post Office RD scheme is 6.7%, which is calculated on a quarterly basis. If you invest Rs 7000 per month, then in 5 years your total deposit amount can be around Rs 5 lakh, which will give an interest of Rs 79,564. If you extend this RD for 10 years, then your total investment amount will be Rs 8,40,000, which will give you a maturity amount of around Rs 11.95 lakh.

One of the major advantages of this scheme is that it can be opened with as little as Rs 100, and there is no maximum investment limit. Apart from this, investors also get the benefit of compounding interest, and they can open it as a single or joint account.

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The post Post Office RD Plan: By depositing ₹ 7,000 every month, you will get around Rs 11.95 lakh on maturity first appeared on Rightsofemployees.com.

These days, interest in bank savings account is equal to ‘a cumin in a camel’s mouth’. In such a situation, if you find such a scheme which not only gives more interest than the bank. Rather, it should be easy to collect it from the neighboring post office. What’s more, investment in it can also start from just Rs 100. So there is such a scheme in the post office and it is completely safe.

Whenever there is talk of safe investment, then there is talk of FD and RD of banks. People also get the option to do RD in the post office. Investing in Post Office Recurring Deposit (RD) starts with just ₹ 100. Let us tell you which bank’s RD is getting more interest than the post office’s RD.

Interest on post office RD

The government has kept the interest on Post Office RD at 6.7 percent for October-December. This is a kind of systematic investment plan, in which you have to deposit a fixed amount every month. This can be a minimum of Rs 100 in post office RD. You have to run this plan for at least 5 years.

These banks are giving less interest than post office RD

If you see the complete list of banks, all of them offer less interest on 5 year RD than the post office.

The post Post Office Great Benefits! You will get more benefits in this ₹ 100 scheme of post office, check all details first appeared on Rightsofemployees.com.

If you want to get good returns by investing and are looking for safe investment, then this news is for you. Actually, Saving Schemes of Post Office can be the right choice in this case, because investment in it is considered safe. Many schemes of Post Office are very popular among the people. One of these is Recurring Deposit Plan (Post Office Recurring Deposit) which gives excellent returns along with guaranteed security.

Government has increased the interest rate

Recently, the Central Government has increased the rate of interest received by the investors on this saving scheme of the post office by revising it. The government has increased the interest rate from 6.2 percent to 6.5 percent for the July-September quarter. That is, the interest rate of Post Office Recurring Deposit Scheme has been increased by 30 basis points. In such a situation, investing in this savings scheme is now proving to be even more profitable.

Investment can start from Rs 100.

Significantly, the central government revises the interest rates of its savings scheme on a quarterly basis. You can invest in Post Office’s Recurring Deposit Scheme for a period of one year, two years or more as per your convenience. The minimum age limit for taking this scheme has been set at 18 years, that is, anyone older than this can invest. Relatives can open it in the name of their minor children, otherwise facility has also been given to open joint account. By opening an account in this scheme, you can start investing with just Rs.100. This is where it can now be invested for 10 years.

You can deposit money for 10 years,

the money invested in this government scheme is completely safe and the interest is also better. A hefty fund can be accumulated by investing a fixed amount every month for 10 years. However, the interest rates of Post Office Recurring Deposit Scheme as well as other savings schemes are revised every three months, so they may increase or decrease. But if the current interest rate remains constant, then according to this, an investor can get Rs 8 lakh in 10 years by depositing Rs 5,000 every month.

This is the complete calculation of interest.

If you look at the calculation, if you deposit a fixed amount of Rs 5,000 every month in the post office’s recurring deposit account and continue this process for the whole 10 years, then at the current rate of 6.5 percent you will get on your deposit. 2.46 lakhs. At the same time, the total amount deposited by you will be 6 lakh rupees. Accordingly, you will get Rs 8.46 lakh after 10 years. Now in the meantime, if the government revises and increases the interest rates, then accordingly the interest you get will also increase and more money will come in hand.

Loan facility to the account holder

can be closed after 3 years of opening the account in Post Office Recurring Deposit Scheme. At the same time, after one year of starting the investment, up to 50 percent loan facility is also given in it. Simply put, if a person deposits the installments for 12 months after opening an account in this scheme, then on the basis of this one can get loan from banks. In this scheme, you can take half the amount as loan on your total deposit.

The post Post office’s Dhansu scheme: Deposit 5000 rupees a month … you will get more than 8 lakhs first appeared on Rightsofemployees.com.

In this, customers can get huge amount by investing money. Post Office Recurring Deposit (Post Office RD 2023) scheme is a Small Savings Scheme. A little investment has to be made daily in this. You can start this scheme with a minimum investment of Rs 100. After this, after a fixed time, you will get a fat return.

In this scheme, a person below the age of 18 years can also open an account. Its maturity period is 5 years. Although it can be extended for 5-5 years. Wherein RD facility can be availed for 6 months, 1, 2, 3 years etc. Post Office’s Recurring Deposit (Post Office RD 2023) scheme currently offers interest at 6.2​ % per cent.

Important documents of Post Office RD 2023

• Identity proof like PAN Card, Voter ID Card, Aadhaar Card, Driving License, Passport.
• Ration card, electricity bill, PAN card and driving license for proof of address.
• Facilities available in Post Office RD 2023
• In this the account can be extended for 5 years.
• After 1 year, 50% of the investment can be taken as a loan.

Late deposit of money in Post Office RD 2023 will attract penalty

If there is a delay in depositing the installment, then late fee will have to be paid. Late fee will be charged at Re 1 per Rs 100. Now if you deposit Rs 5000 every month, then you will have to pay a late fee of Rs 50 on this. That is, next month you will have to deposit Rs.5050. On the other hand, if you fail to deposit the installment for 4 consecutive times, then you can restart the account within two months.

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The post Post Office RD 2023: Post office put 100 rupees in this scheme, you will get full 5 lakhs in a few years first appeared on Rightsofemployees.com.

In this article, we will know that how much money will be received by depositing 1000 rupees every month in post office RD? After this, you will also know how much you will get by depositing 2000, 3000, 4000, 5000 or 10000 every month in the post office RD. At the end of the article, we will also share some important information about the post office RD account.

How much will you get after depositing Rs 1000 in post office RD?

By depositing Rs 1000 every month in the post office RD account, you will get Rs 69697. In this , the calculation of your total deposit and interest is as follows –

Every month you will deposit in Post Office RD- 1000 rupees

In 1 year the total accumulated by you will be- Rs 12,000
The total amount deposited by you in 5 years is- Rs 60,000
At the rate of 5.8%, the total interest on this will add up to- Rs 9,697
After 5 years you will get back your total deposit and interest together- Rs 69697

It is clear from this table that by depositing Rs 1000 in post office RD every month, you get a total of Rs 69697. You will get this amount on completion of the maturity period of 5 years.

How much will you get after depositing Rs 2000 in post office RD

By depositing Rs 2000 every month in the Post Office RD scheme, you will get Rs 139393. Its accounting will be done in this way-

You have to deposit every month in Post Office RD 2000 rupees

In one year you will accumulate- Rs 24000
Your total deposit in 5 years will be Rs 1,20,000
Total interest will be added according to 5.8% Rs 19,393
After 5 years you will get total money Rs 1,39,393
It is clear from this calculation table that by depositing Rs 2000 in post office RD every month, you get back a total of Rs 1 lakh 39 thousand 393. You will get this entire amount on the maturity of the account after 5 years.

How much will you get after depositing 3000 rupees a month in post office RD

By depositing Rs 3000 every month in the Post Office RD scheme, you will get Rs 2,09,090 back. In this, the calculation of total deposit and interest will be as follows-

You have to deposit every month in Post Office RD 3000 rupees

In 1 year you will deposit total- Rs 36000
In 5 years you will deposit total- Rs 1,80,000
According to 5.8%, the total interest will be made on this- Rs 29,090
After 5 years you will get total money back- Rs 2,09,090
This is clear from this calculation table. That in post office RD, depositing Rs 3000 every month, after 5 years you will get a total of Rs 2 lakh 9 thousand 90.

How much will you get after depositing Rs 5000 a month in post office RD

By depositing Rs 5000 every month in the post office RD account, you will get a total of Rs 3,48,484 back.

Every month you have to deposit in post office RD- 5000 rupees

In 1 year your deposit will be- Rs 60,000
In 5 years, the total accumulated by you will be- Rs 3,00,000
At 5.8%, the total interest on your deposit would be- Rs 48,484
After 5 years, adding your total deposit and interest, you will get- Rs 3,48,484
In this calculation table, you can see that by depositing Rs 5000 every month in Post Office RD, you get back a total of Rs 3 lakh 48 thousand 484. You get this amount as soon as the account matures after 5 years.

How much will you get after depositing Rs 10000 in post office RD?

By depositing Rs 10000 every month in Post Office RD, you will get a total of Rs 6,96,967. In this, the calculation of your deposit and interest will be as follows-

In Post Office RD, every month you will deposit- Rs 10,000

After 1 year your deposit will be- Rs 1,20,000
Your total deposit in 5 years will be- Rs 6,00,000
According to 5.8% total interest will be added on this- Rs 96967
After 5 years, your total deposit + total interest will be returned by adding- Rs 6,96,967
In this calculation table, you can see that by depositing Rs 10,000 every month in Post Office RD, you get back a total of Rs 6 lakh 96 thousand 967.

Important information about post office RD account

You can open the account of Post Office RD Scheme (Recurring Deposit) in any post office branch. In this, you have to deposit equal amount of money every month for 5 years. Other account terms and conditions are as follows-

How much money can be deposited in post office RD account?

In the post office RD scheme, you can start an account by depositing as little as Rs 100. That is, you can also deposit the minimum installment of Rs 100 per month. On top of this, any large amount can be deposited in multiples of 10. Just keep in mind that every month for 5 years you have to deposit equally.

How much interest do you get on Post Office RD?

Currently (in February 2023) interest is being received at 5.8% per annum on the post office RD account. The government announces its new interest rate before every quarter. In the interest rates of government schemes implemented from January 2013, the interest rate of 5.8% per annum has been kept on the post office RD.

Who can open Post Office RD Account?

Any adult person (18 years) can open a post office RD account in his name. Joint account can also be opened by 2 or 3 persons together.
An account can also be opened in the name of the child on behalf of his guardian. The guardian will have the right to operate the account till the child attains majority.
A child above the age of 10 years can open a post office RD account in his own name if he can put an identical signature and operate the account with his signature.
Any number of RD accounts can be opened in the name of a person. Any amount can be deposited and kept in each account.

The post Post Office RD Scheme: How much will you get by depositing 1000, 2000, 3000, 5000 or 10000 every month in post office RD first appeared on Rightsofemployees.com.

Everyone should save to meet future financial needs. Well there are many options to invest money. Many people invest in stock market, mutual funds and some invest in cryptocurrency. There is a lot of risk in all of these. There are many savings schemes for investment in the post office which offer high interest rates and tax exemptions.

Most importantly, it is guaranteed by the Government of India. Today we are telling you about such a scheme of post office in which you can earn big profit with small investment. Post Office Recurring Deposit Scheme (RD) should be invested for good returns. Let’s know about this scheme.

The Safest Investment Investing in the post office not only keeps our money safe, but also gives us good returns. Money never gets lost in Post Office Recurring Deposit Scheme investment. Because this scheme is run under the supervision of the government. A huge fund can be made even by depositing some money in 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.

No maximum limit of deposit No maximum limit has been fixed for depositing money in this post office scheme. Recurring Deposit can be done for one year, two years or three years as per your convenience. The most important thing is that interest is given quarterly on the money deposited in this RD. At the end of every quarter, the amount is credited to your account along with compound interest.

Who can open the account Any person above 18 years of age can open an account in Post Office Recurring Deposit Scheme. You can also open a joint account in this. The account of a minor can also be opened on behalf of the guardian. For this, an account can also be opened in the name of a minor above 10 years.

You will get so many lakhs on maturity,

you can earn good profit 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. Will get more than 16 lakh rupees on maturity. 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 per cent.

The post Post Office Recurring Deposit-RD: Start investing in this scheme from 100, you will get 16 lakhs on maturity first appeared on Rightsofemployees.com.

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 are tax rebate along with high interest rate.

Most importantly, guaranteed by the Government of India. Today, we are telling you about such a scheme of the 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.

No maximum limit

of deposit No maximum limit has been fixed for depositing money in this scheme of the post office. Recurring deposit can be made for one year, two years or three years as per your convenience. The most important thing is that the interest on the money deposited in this RD is given quarterly. At the end of every quarter, your account is credited with compound interest.

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.

The post Post Office Recurring Deposit: Big news! Start investing with 100 in this scheme, you will get 16 lakhs on maturity first appeared on Rightsofemployees.com.

For this you will have to pay some money as fine. Let us tell you that Recurring Deposit i.e. RD is considered to be the best way of saving even today. RD can be started anywhere at post office or bank. Post Office Recurring Deposit Scheme has a tenure of 5 years and is one of the most popular schemes. It is like a piggy bank, in which after depositing money continuously for five years, you get your total deposited money back with interest.

At present, the interest rate of 5.8 % per annum is being available on Post Office RD . If you are not able to deposit the installment of Post Office Recurring Deposit due to any reason by the stipulated last date, then penalty at the rate of 1% per month also has to be paid. At the same time, your account can be closed if several consecutive installments are not deposited. If your account has also been closed due to non-payment of installments, then you can apply for its revival, then it can be started again.

In case of resumption, you will have to first deposit the outstanding installments of the previous month along with the penalty. If you do not submit any application within a period of two months, it is closed completely. Whether you have opened the account before the 15th of the month or later, the date of your RD deposit is decided on this basis. If your account is opened by the 15th of any month, then you have to deposit your installments by the 15th in any case.

On the other hand, after opening the account after 15th, you can deposit your installment from 16th of the month till the last date of the month. But penalty can be imposed for non-payment of the installment within the stipulated period.

If you are not able to deposit the installments, then follow this method

If you feel that your financial condition is not a bit good and you may find it difficult to deposit the installments continuously for some time, then you can extend the maturity period of your account even further. But you have to do this work already. If you think of applying this option after not paying the installments for four months, then it will not happen. The extension of maturity period can be extended as much as the number of months you are not able to pay the installment.

Get a discount by depositing the installment in advance

If you want, you can also submit the RD in advance. This option is better for those who want to avoid the hassle of making monthly deposits. But you have to deposit at least six months advance installment. There is a discount of Rs 10 for every 100 on depositing 6 months advance installments and 40 rupees for every 100 on depositing one year’s installment together.

The post Post Office RD Account: Re-enable Post Office’s closed RD like this, see full details here first appeared on Rightsofemployees.com.

Many such schemes are run by the Post Office Saving Schemes, through which you can easily double your money in a few years. If you are also looking for a scheme to double the money, then today we will tell you about such schemes, in which your money will be doubled soon. Let us tell you how many years it will take for you to double your money in these schemes.

These schemes include Post Office Time Deposit, Post Office Savings Account, Post Office Recurring Deposit, Post Office Monthly Income Scheme, Post Office Public Provident Fund, Post Office Senior Citizens Savings Scheme, Post Office Sukanya Samriddhi Account and Post Office National Savings Certificate. .

1. Post Office Time Deposit To double the money, post office time deposit is the best scheme. In this, interest of 5.8 percent is available on time deposits from 1 to 3 years. By investing in it, your money will double in about 13 years.

2. Post Office Monthly Income Scheme The money in the Post Office Monthly Income Scheme doubles in about 10.91 years. In this, you get the benefit of interest at the rate of 6.7 percent.

3. Post Office Senior Citizens Savings Scheme

The money in the Senior Citizen Savings Scheme of the Post Office will double in about 9.73 years. In this, the benefit of interest will be available at the rate of 7.6 percent.

4. It will take about 18 years to double the money in the Post Office Savings Account. Let us tell you that this scheme takes the most time because the rate of interest is also low in it. At present, customers are getting interest at the rate of 4 percent in this.

5. Post Office Recurring Deposit Money in Post Office Recurring Deposit will double in about 12.41 years. In this, you get the benefit of interest at the rate of 5.8 percent.

6. Post Office National Saving Certificate

The National Saving Certificate of the Post Office is getting 6.8 percent interest. Investing in this 5-year savings scheme will double the money in about 10.59 years.

Let us tell you that after a long time, the central government has increased the interest rates of some small savings schemes. The increase in the interest rates of these small savings schemes has become effective from October 1. If you are looking for a safe option to invest, then Post Office Savings Scheme can be a better option for you.

The post Post Office Launch New Plan: Good News! Money will be doubled in these 6 schemes of Post Office, check all details here first appeared on Rightsofemployees.com.

All these three schemes are of the Department of Posts. The post office is looked upon with confidence by every Indian. Because there is government intervention here, it is one of the best places to keep money safe. Not only this, with the changing times, the post office is also giving good returns on small savings schemes. Let us know about them in detail

Post Office Recurring Deposit

If you want to invest in a safe recurring deposit, then this post office plan can be perfect for you. Here you are getting an interest of 5.8 percent on the investment option with maturity of 5 years. You can start investing in this scheme with just Rs 100 per month. At the same time, there is no upper limit to invest in it.

Post Office Time Deposit This is an FD-like scheme. You can invest in post office time deposits for 1, 2, 3 and 5 years. Here you get a return of 5.5% in a time deposit of 1 to 3 years. If you want more returns then you should invest in one time deposit scheme of 5 years. Here you will get an interest of 6.7 percent. You can also get income tax exemption on investment in this scheme. You can start investing Rs 1,000 here.

National Savings Certificate has a lock-in period of 5 years. Here you get a bang return of 6.8 percent. You can start investing in National Savings Certificate Scheme with an investment of Rs.1000. However, removing some exceptions, you can withdraw money from this scheme only after the completion of 5 years. The investment made in this scheme is also eligible for tax exemption under the Income Tax Act.

The post Post Office scheme: Three savings schemes where you will get tremendous returns along with security first appeared on Rightsofemployees.com.

While the investment in this government scheme is 100% safe, the interest rate of 5.8 percent per annum will also be available. Investment in Recurring Deposit can be done for 1 year, 2 years, 3 years as per your convenience. In the RD scheme of the post office, any person above the age of 18 years can open his account. A joint account can also be opened in this scheme. A guardian can also open an account of his minor child.

The account can also be opened in the name of a child above the age of 10 years. The most important thing about this scheme of investment post office is that the account can be opened even with Rs 100 in it. Therefore, such individuals who do not save much in a month, they can invest in it. Interest is calculated on the deposited money every quarter (at annual rate). Then it is added to your account with compound interest at the end of every quarter.

Such a fund will be made, how you can make a big fund for the future by investing in this scheme, you can understand it with this example. If you invest 10 thousand rupees every month in the post office recurring deposit account for 10 years, then you will get Rs 16,28,963 on maturity after 10 years.

The post Post Office Scheme: Good returns are available in this scheme, you can start investing with Rs 100 first appeared on Rightsofemployees.com.

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.

The post Post Office Recurring Deposit: An investment of just Rs 100 will give you a profit of Rs 16 lakh, check details Instantly first appeared on Rightsofemployees.com.

If you dream of becoming a millionaire overnight, then it can happen only in dreams. We are telling you about the post office scheme here, that is, whatever investment you make will be absolutely tension free, you will not have to worry day and night about your investment. If you are doing a job or business, then you do not have time throughout the day to keep an eye on the stock market. In such a situation, this scheme is for those people who think about taking direct returns by investing once.

Start investing in Post Office RD like this

Post Office Recurring Deposit account is a government guarantee scheme to invest in small installment with better interest rate, in this you can start investing with a small amount of just Rs 100. There is no maximum investment limit, that is, you can deposit money in it as much as you want. The account for this scheme is opened for five years. However, banks offer the facility of recurring deposit account for six months, 1 year, 2 years, 3 years. Interest on the money deposited in this is available every quarter (Annual Interest Rate) and it is deposited in your account (Compound Interest Rate) at the end of every quarter.

Know how much interest you will get (Recurring Deposit Interest Rate)

The post office is offering an interest of 5.8% on the recurring deposit scheme. The Government of India fixes the interest rates of all its small savings schemes every quarter.

You will get 5 lakhs on depositing about 7 thousand every month

If you invest Rs 7 thousand 174 in the RD scheme of the post office every month for 5 years, then after 5 years you will get more than Rs 5 lakh at an interest rate of 5.8%.

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