look news india
If you want to accumulate a fixed amount by the time your children grow up, you can do so by investing in a good plan. Today we are telling you about the upcoming event.
Post Office RD Scheme
There is RD scheme in the post office. At present 6.7 percent interest is available in Post Office RD. RD in post office is for 5 years. But it can be increased later. It can be extended for any number of years.
If an investment of Rs 5000 per month is started in RD in the post office in the name of the child, then by the time the child turns 18, a fund of more than Rs 20 lakh will be ready.
An RD of Rs 5000 per month in 5 years will generate an initial fund of around Rs 3.5 lakh. This fund will increase to Rs 8.5 lakh in the 10th year. After this, a fund of more than Rs 15 lakh will be prepared in 15 years.
On Post Office Rd.
Rate of interest
Will start from 6.7 percent, minimum 100,
no maximum limit,
Possible to open in single or joint name,
Investing in RD is possible even in the name of the child