Post office scheme
Everyone wants some part of their earnings to be in such a place where money is safe and good benefit on it. meetIf you too have such a trusted Option Looking for the post office if you are looking for a good interest with the government's guarantee Recurring Deposit ,Rd) Can prove to be a great option for you.
In the RD scheme of the post office, if you invest Rs 25,000 every month, then by the end of 5 years, an amount of about Rs 17.74 lakh is made on your total deposit amount of about Rs 17.74 lakh according to the annual interest rate. This interest is found in the form of Compound Interest, which makes the return on your savings even more effective. Originally, your total deposit in this scheme will be around Rs 15 lakh, on which an interest of about 2.74 lakh rupees is added to a total of Rs 17,74,771. This scheme comes with the guarantee of the government, so investors are not afraid of any kind of loss in it.
An Indian citizen can avail the RD scheme of the post office. The special thing is that it can be opened as a person personally or two-three people as a joint account. The minimum amount of investment is only 100 rupees, but there is no limit of maximum amount. If needed, this account can also be closed by following the rules. However, the RD can be cut in interest rates when it is closed before the entire period, so it is better to close it carefully.
If for some reason the account holder dies during the RD scheme, then his legal heirs receive the deposit. For this, the heirs have to submit the necessary documents in the post office, after which they can withdraw money. Apart from this, the heirs can continue this RD account even further, but for this their permission is necessary.
Post office Rd Investing in the scheme is considered safe because it gets the support of the government. There is no risk and interest rates are also good. Also, monthly Compounding Due to getting interest, your deposits increase quickly. This scheme is especially good for those who want to make strong economic security in future by investing a little amount every month.
