look news india
Post Office Scheme: If you want to invest your money in a scheme where you get good returns without any risk, then you can invest your money in the post office scheme. Many savings schemes are being run by the post office, which people like very much. In such a situation, if you also want to invest your money in any post office scheme, then you can invest your money in the Post Office Recurring Deposit Scheme. In this scheme, you can collect funds up to Rs 17 lakh by saving Rs 333 daily. Let us know about this scheme of the post office.
Post Office RD Scheme
There is no risk in Post Office RD Scheme. You can open your account in this scheme by investing just Rs 100 per month. If you want, you can open both single and joint accounts in this scheme. If we talk about interest, then in this scheme you will be given an annual interest of 6.8 percent.
Earn Rs 17 lakh by saving Rs 333
If you save Rs 333 daily and invest in the RD scheme of the post office, then you will invest around Rs 10,000 every month in this scheme. Accordingly, you will invest a total of Rs 1.20 lakh in this scheme in the whole year. After 5 years, your fund in this scheme will become Rs 5,99,400. According to 6.8 percent annual interest rate, you will get interest of Rs 1,15,427. That means in 5 years you will have a fund of Rs 7,14,827. If you extend this scheme for five more years, then in 10 years you will deposit Rs 12 lakh. After adding interest you will get Rs 17,08,546 after 10 years.