look news india
Post Office Recurring Deposit Scheme: If you are planning to invest your savings in a good scheme from where you will get good returns, then this news is especially for you. Today we are going to tell you about a very wonderful investment scheme of the post office, where you can become a millionaire in a few years by investing just Rs 5,000. The name of this scheme of post office is Recurring Deposit Scheme.
In this scheme, you can collect a fund of more than Rs 8 lakh in a few years by investing a fixed amount every month. At present, by investing in this scheme you are getting an interest rate of 6.7 percent. The maturity period of this scheme is five years. However, after the maturity period of five years, you can extend your investment period for another five years.
You can easily open your account in Recurring Deposit Scheme by visiting your nearest post office. The special thing about this scheme is that you can start investing in it from Rs 100.
At the same time, the limit of maximum investment amount has not been fixed. If you open an account in this scheme and invest Rs 5,000 every month for five years, then the amount invested by you will be Rs 3 lakh.
If you calculate according to the current interest rate of 6.7 percent, then you will get a total of Rs 56,830 as interest. In this way you will have a total of Rs 3,56,830.
After this you will have to invest more for the next five years. In this case, the total amount invested by you will be Rs 6,00,000. At the same time, you will get a total interest of Rs 2,54,272 on this. In such a situation, at the time of maturity after ten years, you will have Rs 8,54,272.