Post Office Scheme: With this scheme of post office, you will become rich by investing just 333 rupees..

If, like everyone else, you also want to create a big fund from small savings and that too in a completely safe way, then the RD scheme of the post office is the best option for you. In the RD scheme of the post office, you can start investing with just ₹ 100 per month and can create a good fund over time. Recently, at present, 6.7% annual interest is being given on Post Office RD, which is quite great compared to other safe options.

Post Office RD is the best.

Let us tell you that the RD scheme of the post office is a reliable small savings scheme, which is guaranteed by the Government of India. Investing in this scheme provides complete safety of capital, because this scheme is run under government supervision. The special thing is that the interest received in this scheme is more than the fixed deposit of many banks. By starting with only ₹ 100, you can create a strong fund for tomorrow.

Yes, if you invest just ₹333 per day in the Post Office RD scheme, you can create a strong fund for yourself. So let's understand how you will make money from this investment.

What does the calculation of ₹333 say

If you save only ₹333 per day, then the monthly investment becomes ₹10,000. Investing ₹10,000 every month for 5 years in the Post Office RD scheme results in a total investment of ₹6 lakh, on which you get an interest of about ₹1.13 lakh. If you continue this investment for 10 years, then the interest will reach ₹5.08 lakh, and the total fund can become about ₹17.08 lakh. At the same time, if you deposit just ₹5,000 per month, then a strong fund of about ₹8.54 lakh can be created in 10 years.

That is, if you invest ₹10,000 monthly for 5 years, the total investment will become ₹6,00,000, on which you will get around ₹1.13 lakh as interest. But if you extend this investment for 5 more years (total 10 years), then the interest will become ₹5,08,546 and you can get a total fund of ₹17,08,546. Yes, if instead of this ₹10,000, you continue to invest only ₹5,000 per month for 10 years, then the total investment will become ₹6 lakh. The interest on this can become around ₹2,54,272, and you will get a total fund of around ₹8,54,272.

Who can get the benefits?
The Post Office RD scheme is considered ideal for those who want to make small savings regularly. Yes, with small daily savings, you can create a big fund in the long term, that too without any risk. That is, this scheme is especially beneficial for the salaried class, housewives, and small businessmen, who want to plan for the future by investing a small amount every month.

Investment has become convenient.
Now, in today's time, the RD scheme of the post office has become even more convenient than before. You can easily open an account for this scheme through mobile banking or e-banking. The most special thing about this is that any person can open an account in it, even a 10-year-old child can join it under the supervision of their parents. However, when the child becomes an adult, the account has to be updated with new documents.

On which date was the account opened

Let us tell you that the date of deposit in Post Office RD every month depends on the opening date of your account. So let's assume that if the account is opened before the 16th, then the money has to be deposited by the 15th of every month, but if the same is opened after the 16th, then the deposit can be done from the 16th to the last working day of the month. (Note: This article is for information only and should not be considered as investment advice in any way; we suggest consulting financial advisors for investment.)

FAQs

1. What is the Post Office RD Scheme?

Answer: This is a small savings scheme in which you can get good interest in a safe manner by depositing a fixed amount every month.

2. What is the minimum investment to be made in it?

Answer: You can start investing in this scheme with only ₹ 100 per month.

3. How much interest is available on Post Office RD?

Answer: Currently, this scheme offers 6.7% annual interest, which is better than other safe options.

4. Does it offer a loan facility?

Answer: Yes, if the account is one year old, then up to 50% of the deposit amount can be taken as a loan, that too at low interest.

5. Can one become a millionaire by saving ₹333 daily?

Answer: Yes, if you invest ₹333 daily i.e., ₹10,000 monthly, then a fund of up to ₹17 lakh can be created in 10 years.

Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.