Post Office RD Scheme: If you want a safe investment and also want to get good returns, then the Post Office RD (Recurring Deposit) savings scheme can be a great option for you. By investing in this scheme, you get a stable return, and this scheme is ideal for those who want to save regularly.
What is the Post Office RD Scheme
The Post Office RD Scheme is a scheme in which you can collect a big fund by investing a little every month. Investment can be started in this scheme from Rs 100 only. This scheme matures in 5 years, and you get an interest rate of 6.7 percent on it, which gives a good return on your investment.
Interest Rate
The Post Office RD scheme offers a 6.7% compound interest rate per annum. This interest rate may change from time to time, but this rate helps in giving a good return on your investment.
RD Scheme Investment Example
Investment of Rs 2000 every month
If you invest Rs 2000 every month in the Post Office RD scheme, you will invest a total of Rs 120,000 in 5 years. On maturity of this investment, you will get Rs 142,732, out of which Rs 22,732 will be interest only.
Investment of Rs 3000 every month
If you invest Rs 3000 every month in the Post Office RD scheme, you will invest a total of Rs 180,000 in 5 years. At maturity, you will get Rs 214,097, out of which Rs 34,097 will be interest.
Investment of Rs 5000 every month
If you invest Rs 5000 every month in the Post Office RD scheme, you will invest a total of Rs 300,000 in 5 years. At maturity, you will get Rs 356,830, of which Rs 56,830 will be interest.
Benefits of Post Office RD Scheme
- This scheme for the post office is backed by the Government of India, making it an extremely safe investment. In this, your money is protected by the government, and you do not have any risk.
- In this scheme, you get the facility to deposit a fixed amount every month so that your savings remain regular and get good returns in the long term.
- Tax exemption can also be available under 80C in the Post Office RD scheme, which makes your savings more secure. This facility gives you the possibility of paying less tax.
- In the Post Office RD scheme, you get the facility to deposit every month so that you can invest according to your financial
- You need to deposit a fixed amount every month, but you can change it according to your needs and convenience.
Conclusion
The Post Office RD scheme is a safe and affordable scheme, which gives you a chance to ensure a fixed future with good returns. If you want to save regularly and are looking for a safe investment, then this scheme can be a great option for you. Apart from this, if you also want to get a tax exemption, then this scheme will help you with that too. So, if you also want to create a huge fund in 5 years, then invest in the Post Office RD scheme today and make the future secure.
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