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Special post office scheme
Post Office Recurring Deposit: The most important thing about post office schemes is that even better returns are available here with less risk. Post office recurring deposit is also one of them. Up to 100 rupees can be invested in this scheme.
New Delhi. If you are looking for a completely safe investment, that is, you do not want any kind of risk on your investment, then post office can prove to be a better option for you. You also get better returns in post office schemes. Small saving schemes of the post office are better. Investing in this with low cost earns big money. The name of one such post office scheme is – Post Office Recurring Deposit. In this you get better returns. What is Post Office RD Scheme? Overall, through this scheme you can start investing with very little money. Apart from this, your money will also be completely safe. You can invest in it from 100 rupees a month. There is no maximum limit on how much you can invest. Post office RD deposit account is a government guarantee scheme of depositing small installments with better interest rate. Also read: Have you also taken LIC policy, be alert, otherwise all your money can be lost Know how much interest will be received? The RD account that is opened in the post office is for 5 years. Does not open for less than this. Every quarter (at the annual rate), interest is calculated on the money deposited. Then it is added to your account with compound interest at the end of every quarter. According to the India Post Office website, currently 5.8 percent interest is being given on the RD scheme. The central government announces interest rates every quarter in all its small saving schemes. Also read: With the savings of Rs 233, prepare a fat fund of 17 lakhs, know how and where to invest money
If you invest 10 thousand rupees, you will get more than 16 lakhs If you invest 10 thousand rupees every month in the RD scheme of the post office, that too for 10 years, then it will get 16,26,476 lakh rupees 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 penalty. If the installment is delayed, you will have to pay a penalty of one percent every month. With this, if you do not deposit 4 consecutive installments, then your account will be closed. However, if the account is closed, it can be activated again for the next 2 months.
If you invest 10 thousand rupees, you will get more than 16 lakhs If you invest 10 thousand rupees every month in the RD scheme of the post office, that too for 10 years, then it will get 16,26,476 lakh rupees 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 penalty. If the installment is delayed, you will have to pay a penalty of one percent every month. With this, if you do not deposit 4 consecutive installments, 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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