Post Office Scheme: Get benefit of lakhs on investment of Rs 100, open RD account like this
Newz Fast, New Delhi: If you want to invest in any scheme after knowing about it, then Post Office Recurring Deposit will prove to be very good for you.
In today's time it is very important to keep yourself financially stable. In today's time, you must definitely invest in some savings scheme.
You should invest in this type of scheme which will keep your money safe and give very good returns.
If you want to invest in a scheme by knowing about it, then the Post Office Recurring Deposit will prove to be very good for you.
What is this scheme
The most important thing about this scheme is that it is run by the government. So there is no risk of investing in it.
In this scheme, you can earn huge profits by depositing little money. You will be very happy to know that RD account can be opened in just ₹ 100.
At present, its interest rate is 5.8%. There is no fixed period for depositing money in this account. You can open this account for as many years as you want.
In this you have the highest chance of making huge profits. In this scheme, you get quarterly interest on the money deposited. That is, interest is added on your deposited money every 3 months.
How to open RD account
If you want to open this account then you must be above 18 years of age. You can also take advantage of this scheme through a joint account. Apart from this, a minor can also open an account under this scheme of the post office on behalf of the guardian.
If the age of the minor is more than 10 years, then the account can be opened for this scheme by the guardian in his name.
Money will be made this way
In this way to understand if you are depositing ₹ 10000 per month in this account for 10 years. So with an interest rate of 5.8%, you will get Rs 16,28,963.