Investment: You will earn 17 lakh rupees from this scheme of Post Office, start investing with just 333 rupees..

If you are looking for an investment option in which the risk is negligible and the return is also good, then the small savings schemes of the post office can be a great option for you. These schemes, supported by the government, give the common people an opportunity to get into 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 lakhs 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. By depositing this amount for 5 years, the total investment will be ₹ 6 lakh. According to the 6.7% interest rate, you will get interest of about ₹ 1.13 lakh. If you extend it for another 5 years, the total investment will become ₹ 12 lakh, and the interest amount will increase to ₹ 5.08 lakh. In this way, after 10 years, you will get a total fund of ₹ 17,08,546, that too by saving only ₹ 333 per day.

You can start investing with just ₹ 100

In the RD scheme of the post office, you can start investing 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 every age group can invest in it.

The maturity period of this scheme is 5 years. If investors want, they can extend this period by 5 more years; that is, 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 premature closure is also available after 3 years. The scheme also provides the facility of a nominee, so that in case of the death of an investor, the nominee can claim or continue the account.

Loan facility is also available
Another specialty of the Post Office RD scheme is that it also provides a loan facility. If you have invested continuously for one year, then up to 50% of the deposited amount can be taken as a loan. Only 2% additional interest has to be paid on this, that is, this scheme also gives you financial support if needed.

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