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Post Office Scheme: If you want to earn money then investment is necessary. If you think that investment should be done only in large amounts and that is why you have not started investing yet, then this notion is wrong. Start investing whatever you can according to your income because only investment can grow your money. If you save money, it will be spent in some circumstances or the other.
There are many such schemes in the Indian Post Office in which you can start investing with less than Rs 500 and get good benefits. Start with a small amount, then increase your investment as your income increases. This is a way to earn money. Let us know about some such schemes of the post office in which you can start investing in less than Rs 500.
ppf
Public Provident Fund i.e. PPF is a long term scheme. In this scheme, a minimum of Rs 500 and a maximum of Rs 1.5 lakh are deposited annually and invested for 15 years. If you wish, you can also extend the account in a block of 5 years after maturity. If you invest even Rs 500 every month in this scheme, you will invest Rs 6,000 annually. At present interest is being given on PPF at the rate of 7.1 percent. In such a situation, by depositing Rs 500 every month in this scheme, you can add Rs 1,62,728 at 7.1 percent interest in 15 years. If it is extended for 5.5 years, then Rs 2,66,332 can be added in 20 years and Rs 4,12,321 can be added in 25 years.
SSY
If you are the father of a daughter then you can start investing in Sukanya Samriddhi Yojana in the name of your daughter. A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited annually in this government scheme. At present interest is being given on it at the rate of 8.2 percent. In this scheme you have to invest for 15 years and the scheme matures after 21 years. If you invest even Rs 500 per month in this, you will invest a total of Rs 90,000 in 15 years and after 21 years at 8.2 percent interest, you will get Rs 2,77,103.
third
Post Office Recurring Deposit i.e. Post Office RD Scheme is like a piggy bank in which a fixed amount has to be invested every month. This scheme helps small investors to create a corpus to meet their future needs. Investment in this can be started even from Rs 100. Once you start investing, you will have to invest continuously for 5 years. At present the interest rate in this scheme is 6.7 percent. If you invest Rs 500 every month in this scheme, then you will invest Rs 30,000 in 5 years and after 5 years you will get Rs 35,681 i.e. Rs 5,681 as interest at the rate of 6.7 percent.
