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Post Office Savings Scheme 2024: Investing money in the right place gives financial security as well as good profits.
Often people invest only where there is no risk. You can invest in post office schemes without any risk.
There are many great schemes to invest in post office. Today we are going to tell you about one such scheme in which you can become a millionaire by investing.
You will get benefits by investing in this post office
The name of this great scheme of the post office is Recurring Deposit Scheme. By investing in it, you can earn Rs 17 lakh in a short time. On maturity, you get the entire money in lump sum.
Along with this, if you invest in this policy then after 12 months you can also take a loan on it.
This is how you can open an account in this post office scheme
Opening an account in this scheme is also very easy and it is available to any person or child above 10 years of age.
You can start investing in this scheme with a minimum of Rs 100 every month.
Along with this, you also get the facility to increase your contribution in multiples of Rs 10 every month.
Invest 333 rupees like this and you can become a millionaire
If you save Rs 333 daily and invest it every month for 10 years, you can get a return of around Rs 17 lakh in 10 years at the current interest rate of 6.7 percent.
At the same time, if you are not able to deposit Rs 333 every day, then you can deposit Rs 10,000 every month.
The total deposit amount for 10 years will be Rs 12 lakh and the estimated return will be around Rs 5.08 lakh, based on which the total return will be Rs 16.26 lakh.
Let us tell you that compound interest is calculated every quarter, which gives continuous income to the investors.
You will get this much money by investing 500 rupees
If you deposit Rs 500 daily, it means you are depositing Rs 15,000 every month.
The total deposit amount for 10 years would be Rs 1,80,00,000, and the estimated return would be around Rs 76,28,177, based on which the total return would be Rs 2,56,28,177.
Special features of this plan
The special thing about this scheme is that one person can open multiple accounts in it. In this, you can open a joint account with a maximum of three people.
The facility of opening a guardian account is also provided for minors i.e. those below 18 years of age.
Apart from this, once you complete your 12 installments, you get the facility to take a loan of up to 50 percent of that amount. In this scheme, you can invest on a monthly basis for 5 years.
Along with this, if required after maturity, it can be extended for another five years.
