You can become rich by depositing just ₹5000, this post office scheme is amazing..

If you want to accumulate a substantial amount of wealth in the future, the Post Office Recurring Deposit (RD) scheme can be very useful. By depositing small amounts every month under this scheme, you can build a corpus worth lakhs over a few years. The good thing is that your money is completely safe, as it is guaranteed by the government.

₹5,000 can create a corpus worth ₹8.5 lakh
Suppose you deposit ₹5,000 every month into this Post Office scheme. Over 5 years, you will accumulate a total of ₹3 lakh. You will earn approximately ₹56,830 in interest. This means that after 5 years, you will have a total of ₹356,830. If you extend this scheme for another 5 years, i.e., depositing ₹5,000 every month for a total of 10 years, your deposit will reach ₹6 lakh. The interest on this will be approximately ₹2,54,272. Thus, after 10 years, you will have a total of ₹8,54,272. This means that by saving just ₹5,000 per month, you can build a strong corpus of over ₹8.5 lakh.

You can start saving with just ₹100.
This Post Office scheme isn't just for the wealthy. It's also beneficial for those who can't save much each month. You can start with just ₹100 per month. Gradually increase the amount, and within a few years, you'll have a substantial amount. There's no upper limit on the amount you can deposit. You can deposit as much as you want or as much as you can afford each month.

Money will always be safe.
Investing in many market schemes carries the fear of losing your money. However, there's no such fear with this Post Office scheme, as this scheme is government-guaranteed. This means that the money you deposit is completely safe. Even with banks, the guarantee for deposits is only up to ₹5 lakh. However, under this post office scheme, your entire deposit is considered safe.

A loan is also available if needed.
If you need money at some point, there's no need to worry. After completing one year under this scheme, you can take a loan of up to 50% of your deposit. This means that money will continue to accumulate, and you will also receive assistance if needed.

Deposits can also be made online.
Now you don't need to visit the post office every month. If you have an India Post Payments Bank (IPPB) account, you can deposit your monthly installment online from the comfort of your home.

Accounts can also be opened with family
Under this scheme, you can open an account individually, or you can open a joint account with a family member. If needed, the account can also be transferred from one post office to another.

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