Earn ₹5 lakh in interest without any risk, find out how much you need to invest

Post Office RD Scheme: Looking for a safe investment with high returns? By saving just ₹333 daily in the Post Office RD scheme, you can accumulate a large fund of ₹17 lakh. With a government guarantee and 6.7% interest, your investment will earn you more than ₹5 lakh in interest alone.

Post Office RD Scheme: Do you want to invest your money somewhere where there is no risk of loss, and you get high returns? The Recurring Deposit (RD) scheme of the Indian Postal Department (Post Office) has become the first choice for investors these days. It is called a zero-risk investment because it is directly guaranteed by the government.

Start with just ₹100, many benefits

The best thing about this government scheme is that you don't need a large sum of money to invest. You can secure your future by saving just ₹100 a month. Any person above 18 years of age can open this account at their nearest post office.

6.7% interest and the magic of 10 years

Currently, the government is offering an annual interest rate of 6.7% on this scheme. This scheme is for 5 years, but if you extend it for another 5 years, your money grows rapidly due to the power of compounding.

An affordable loan will come in handy during times of crisis

The Post Office RD is not just about savings, but also provides support when needed:

• If your account has been running for 1 year, you can take a loan of 50% of your deposited amount.
• The interest rate on the loan is only 2%.
• If you cannot wait for 5 years, the option of 'pre-mature closure' is also available after 3 years.
• Find out how much you need to invest

If you invest with discipline, see how small savings turn into a large fund:

• Total investment of ₹10,000 per month
• You will deposit ₹6 lakh, and you will get ₹7.13 lakh. Your total deposit will be 12 lakh rupees, but the interest earned on it will amount to ₹5,08,546.
• After 10 years, you will have a substantial sum of ₹17,08,546 in your hands.