Post Office Saving Scheme: Get 16 lakh return on investment of just Rs 10,000, check it quickly

Newz Fast, New Delhi: In today's era of inflation, saving has become very important for the common people. Today we are going to tell you about one such scheme.

People save money for their golden future. In such a situation, people consider it right to invest in a good post office scheme. Because in the post office scheme, you get more returns with less risk.

In today's era of inflation, saving has become very important for the common people. Today we are going to tell you about one such scheme.

In which on the investment of only 10 thousand, you will get an amount of 16 lakh rupees on maturity. Along with this, interest will be given at the rate of 5.8 percent.

Post office recurring deposit scheme
You can get a great amount through the Post Office Recurring Deposit Scheme. Under this scheme, interest of 5.8 percent is being given to post office investors. Along with this, interest will be available at the rate of compound interest.

Invest in Recurring Deposit Scheme (Post Office Recurring Deposit Scheme)
The minimum amount to invest in Post Office Recurring Deposit Scheme is Rs 100 and a person above 18 years of age can invest in this scheme.

Keep these things in mind (Post Office Recurring Deposit Scheme)

To get an amount of Rs 16 lakh, investors will have to deposit an amount of 10 thousand rupees every month. So, in the Post Office Recurring Deposit Scheme, 10 thousand rupees will have to be deposited for the entire 10 years.

Apart from this, if you are not able to deposit any installment, then you will have to pay 1 percent penalty and your account will be closed for non-payment of installments 4 times.