Post Office Recurring Deposit Scheme: Saving is very important, for this investment is considered the best option. But, it is also necessary to invest at the right time and place, so that you can make big money in less money. If you are also thinking of investing, then you can invest in the Post Office RD of Investment in Post Office. In Post Office RD, you can prepare a hefty amount of Rs 10 lakh by saving Rs 50 every day. With good returns in good post office, you will also get guaranteed money security. In such a situation, you can invest without risk.
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Interest Rate of Post Office RD
The post office recurring deposit account can be opened for at least five years. In this, you get an interest of 5.8 percent on the amount deposited. Investments can be started in post office recurring deposit scheme with a minimum of Rs 100. In this scheme, returns are given according to the fixed interest. The Government of India announces the interest rate of all its small savings schemes every quarter.
10 years maturity period
Explain that the maximum maturity period in RD is up to 10 years. Post office RD account can be opened for five years, but you can extend it further. The special thing is that you can also deposit money online. Post office recurring deposit has facility of both single account and joint account.
How to make 10 lakhs with 50 rupees?
If you invest 50 rupees a day or 1500 rupees a month, then in 5 years you can create a fund of 1.05 lakh rupees. In such a situation, if you invest for 25 years, you will get 10 lakh rupees. After investing for 25 years at an interest rate of 5.8 per cent, you can create a fund of Rs 10.39 lakh at the same interest rate.
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How to apply
Any person can open an account under the post office recurring deposit scheme. In this, individual and two adult persons can jointly open a joint RD account. Explain that RD has the facility of both single account and joint account.