– Advertisement –
Post office schemes are a great option for safe investment and guaranteed returns. There are many post office schemes in which you can create a big fund by investing for a long period. We are going to tell you about one such post office scheme in which you can start investing from Rs 333 and create a fund of Rs 17 lakh.
If you are looking for an investment option that has almost no risk and also gives good returns, then Post Office Small Savings Schemes can be a great option for you. These government-backed schemes give common people an opportunity to develop the habit of investing with small amounts and create a big fund for the future.
The special thing is that investing in these schemes is not only easy but also completely safe. One such great scheme is the Post Office Recurring Deposit (RD) scheme, in which you can create a fund of up to Rs 17 lakh by saving just ₹ 333 per day. Let’s know how…
How to make 17 lakh rupees by saving ₹333 daily?
Talking about the calculation of creating a fund of 17 lakhs from the RD scheme of the post office, if you save ₹333 daily, then your investment will be ₹10,000 in a month. If you deposit this amount for 5 years, the total investment will be ₹6 lakhs. According to the interest rate of 6.7%, you will get an interest of about ₹1.13 lakhs. If you extend it for another 5 years, then the total investment will become ₹12 lakhs and the interest amount will increase to ₹5.08 lakhs. In this way, after 10 years, you will get a total fund of ₹17,08,546, that too by just saving ₹333 daily.
You can start investing with just ₹100
You can start investing in the Post Office RD scheme with a minimum of ₹100. This is a monthly savings scheme, in which a fixed amount has to be deposited every month. Currently, 6.7% annual interest is being given on this scheme, which is available with quarterly compounding. The specialty of this scheme is that people of all age groups can invest in it.
The maturity period of this scheme is 5 years. If investors wish, they can extend this period by 5 more years, i.e., in total, investments can be made for 10 years. The special thing is that if for any reason you have to close the account, then the option of pre-mature closure is also available after 3 years. The scheme also provides the facility of nominee, so that in case of death of an investor, the nominee can claim or continue the account.
Loan facility also available
Another feature of the Post Office RD scheme is that it also provides loan facility. If you have invested continuously for one year, then up to 50% of the deposited amount can be taken as loan. Only 2% additional interest has to be paid on this, which means this scheme also gives you financial support when needed.
– Advertisement –
#Post #Office #Scheme #Invest #Monthly #Earn #Lakh #Full #Details #WhoWiki.org
