Post Office Special Scheme: Build a Corpus of 8 Lakh by Saving Just Rs 5000 Monthly

The Post Office offers a variety of savings schemes catering to different age groups and financial needs. One of the most beneficial schemes is the Post Office Recurring Deposit (RD), which guarantees secure investment and attractive returns.

Safe Investment with High Returns

The Post Office RD is a reliable investment option for those looking for secure savings. By investing Rs 5,000 per month, one can accumulate a substantial corpus over time. Additionally, this scheme provides easy loan facilities.

Interest Rate and Investment Growth

The interest rate on the Post Office RD was revised in 2023, currently standing at 6.7% per annum (compounded quarterly). The government updates these rates every three months.

How to Accumulate Rs 8 Lakh?

• If an investor deposits Rs 5,000 per month in Post Office RD for 5 years, the total principal amount will be Rs 3,00,000.

• With 6.7% interest, the amount will grow to Rs 3,56,830.

• If the investor extends the RD for another 5 years, the principal will increase to Rs 6,00,000, and the total maturity amount will reach Rs 8,54,272.

Loan Benefits

• Investors can avail a loan of up to 50% of their deposited amount after one year.

• The interest on the loan is 2% higher than the RD interest rate.

Additional Benefits

• The minimum deposit amount is Rs 100 per month.

• Premature closure is allowed after 3 years.

• The scheme is government-backed, ensuring complete security.

How to Invest?

• Visit the nearest Post Office to open an RD account.

• Provide necessary documents such as Aadhar Card, PAN Card, and address proof.

This scheme is an excellent choice for individuals seeking safe, long-term savings with guaranteed returns. Start investing today and build a strong financial future!