Post Office Scheme 2022:
Post Office Scheme: Post Office SuperHit Project! Get Rs 16 lakhs at zero risk, here’s the detail.
Post Office Scheme: If you invest 10 thousand rupees every month in a Post Office RD scheme for 10 years, then after 10 years you will get more than Rs 16 lakh at 5.8% interest rate. Learn the full calculation.
Post Office Scheme:
Usually everyone wants to invest in projects where their money is safe. Also, they want to get better returns with less risk. Because the risk is higher in the equity market, the returns are higher than other investment products. But not everyone is capable of taking risks. In such a situation, if you want to make a profit and risk free investment, then you have post office investment plans.
If you are one of those people who do not want to take the risk, Post Office Small Savings Schemes may be the best option for you. We will inform you about investments where the risk is minimal and the returns good. Post office recurring deposit ie RD is one of them.
How to Start Investing in Post Office RD:
Post Office RD Deposit Account is a government guarantee scheme for depositing small installments with good interest rates. You can start an investment with a small amount of just 100 rupees. There is no maximum investment limit, you can invest as much money as you want.
The account for this project will be open for five years. However, banks offer Recurring Deposit accounts for six months, 1 year, 2 years and 3 years. Interest is calculated for each quarter (at an annual rate) on the money deposited therein and added to your account (compound interest) at the end of each quarter.
Know how much interest you get:
Currently, 5.8% interest is available on the recurring deposit scheme, this new rate will be applicable from 1st April 2020. The Government of India sets the interest rates of all its small savings plans every quarter.