Through the Post Office Recurring Deposit Scheme, you can start investing with very little money. Apart from this, your money will also be completely safe.
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if you post office If you invest in RD plan, then first of all know that how much you can benefit from this plan. In this, you will get the option of making a completely safe investment. You also get better returns in post office schemes. Small saving schemes of post office are better. Investing in it with low cost earns big money. One such post office scheme is named post office. Recurring DepositIn this you get better returns.
What is the RD scheme of the post office?
Through the Post Office Recurring Deposit Scheme, you can start investing with very little money. Apart from this, your money will also be completely safe. You can invest in this from 100 rupees a month. There is no maximum limit. You can invest as much as you want. Post Office RD Deposit Account is a government guaranteed scheme for depositing small installments with a better rate of interest.
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How much interest will be available in RD account?
The post office’s RD account is opened, it is for 5 years. Does not open for less than this. Interest is calculated on the deposited money every quarter (at the annual rate). It is then added to your account along with compound interest at the end of every quarter. According to the website of India Post Office, at present 5.8 percent interest is being given on the RD scheme. The Central Government announces the interest rate every quarter in all its small savings schemes every quarter.
You will get more than 16 lakhs on investing 10 thousand rupees
If you invest Rs 10,000 every month in the post office RD scheme, that too for 10 years, then you will get Rs 16,26,476 lakh on maturity.
Some special things about RD account
If you do not deposit the RD installment on time, then you will have to pay a fine. If the installment is delayed, you will have to pay one percent penalty every month. Along with this, if you do not deposit 4 installments continuously, then your account will be closed. However, if the account is closed, it can be activated again for the next 2 months.
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