- If you deposit Rs. 20,000 on a monthly basis, you will receive more than Rs. 32 lakh at maturity.
- Just A Rs. 100 can be deposited to open an RD account.
Read on to find more on the Scheme!
Post Office Recurring Deposit (RD): Everyone needs to save money for the future. In fact, there are several ways to invest money. The stock market, mutual funds, and cryptocurrencies are all popular investment vehicles. All of this entails significant risk. There are several savings plans that provide greater interest rates and tax exemptions for investments in post offices. Most critically, assured by the Indian government. Today, we’re going to tell you about a post office scam that allows you to make significant returns on little investments. For good profits, one could invest in the Post Office Recurring Deposit (RD) plan. Let’s discuss this plan.
Securing Investment Our investments in the post office provide us with solid profits in addition to keeping our money safe. Investments made through the Post Office Recurring Deposit Scheme never go down. because the government oversees the operation of this system. Large sums of money can also be generated by making a deposit into an RD account. Just Rs. 100 can be deposited to open an RD account. The current interest rate for the recurring deposit plan is 5.8%.
Those who may open an account The Post Office Recurring Deposit Scheme allows anybody over the age of 18 to create an account. You may create a shared account in this as well. The guardian may also create an account for a minor. For this, a minor who is older than 10 years old may also establish an account in their name.
You may make large earnings from this strategy since you will receive so many lakhs when it matures. If you put Rs.20,000 per month into this post office programme for ten years. Consequently, after ten years, you will receive 5.8% interest. You will receive more than Rs. 32 lakh at maturity. If you deposit Rs. 20,000 on a monthly basis for ten years, you would receive Rs. 32,57,926 upon maturity after paying interest of 5.8%.
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