Save Rs333 Daily and Unlock Rs17 Lakh: Here’s How This Post Office Scheme Works
The Post Office Recurring Deposit (RD) scheme is a safe and rewarding investment option that lets you build a corpus of over ₹17 lakh by saving just ₹333 daily. With guaranteed returns and government backing, this plan is perfect for those seeking a secure way to grow their savings. Let’s dive into the details of this scheme.
Why Choose the Post Office RD Scheme?
The Post Office RD Scheme is ideal for risk-averse investors as it is completely government-backed, ensuring the safety of your investment. It offers an attractive compound interest rate of 6.8%, making it a popular choice among small savers.
Key Features:
- Flexible Investment: Start with as little as ₹100 per month.
- Account Options: Open a single or joint account.
- Penalty for Missed Payments: A 1% monthly penalty is charged for missed installments, and accounts with four consecutive missed installments are closed.
- Maturity Period: The initial maturity period is 5 years, but it can be extended for another 5 years.
How to Save ₹17 Lakh with ₹333 Daily
First 5 Years
- Daily Savings: ₹333
- Monthly Savings: ₹10,000
- Annual Savings: ₹1.2 lakh
- Total Deposit in 5 Years: ₹5.99 lakh
- Interest Earned (6.8%): ₹1.15 lakh
- Total Amount After 5 Years: ₹7.14 lakh
Extended Investment for 10 Years
If you extend the scheme for another 5 years:
- Total Deposits in 10 Years: ₹12 lakh
- Interest Earned (6.8%): ₹5.08 lakh
- Total Amount After 10 Years: ₹17.08 lakh
Benefits of This Scheme
- Risk-Free Investment: Your money is secure, backed by the government.
- Compound Interest: Benefit from compounded growth over time.
- Low Starting Point: Open an account with just ₹100 per month.
- Flexibility to Extend: Double your savings with a 10-year investment.
Is This Scheme Right for You?
If you’re looking for a safe, disciplined, and high-yield investment option, the Post Office RD scheme could be your go-to choice. With just ₹333 a day, you can build a sizable fund for future needs, whether it’s for education, a dream home, or retirement.
Start your journey to ₹17 lakh today with the Post Office RD Scheme!
