Post Office Recurring Deposit 16 lakh rupees will be available on the investment of 10 thousand in this policy, know the full news: Post Office is a place for investment where there are many benefits along with security to the customer. Its most important thing is that the returns are also better than the common investment options!
Post Office Recurring Deposit: 16 lakh rupees will be available on investment of 10 thousand in this policy, know full news
If you also want to get good returns without taking any risk, then post office can become a better option for that. One such post office has a scheme named Post Office Recurring Deposit. (Post Office Recurring Deposit) , This is the best policy giving better returns ever!
What is Post Office RD Scheme
Overall, you can start your investment with very little money through this policy. Apart from this, your money will also be completely safe here! In this you can invest from Rs 100 per month! Also you can invest more and more! You can invest how much! Post Office RD Deposit Account is a government guaranteed scheme to deposit small installments with better interest rate.
Post Office Interest Rate
Also, for your information, let us tell you that the RD account opened in the post office is open for 5 years. Can’t open for less than that! Interest is calculated at an annual rate, then it is added to your account with compound interest at the end of every quarter.
Also India Post Office (India Post Office) According to the information given by the website of RD, at present 5.8% interest is being given on the RD scheme. This new rate is applicable from 1st July 2020. The central government has announced every quarter for all its small savings schemes. (small saving schemes) The interest rate is announced every quarter.
If you invest 10 thousand rupees, you will get more than 16 lakhs
Also, if you invest 10 thousand rupees every month in the post office RD scheme for 10 years, then it will get 16.28 lakh rupees on maturity.
Some special things about Post Office Recurring Deposit account
Post Office Recurring Deposit Also, tell that you also have to remember that if you do not deposit the RD installment on time, then you may have to pay a fine. Also, for the delay in installment, you will have to pay one percent penalty every month. Apart from this, if you do not deposit 4 consecutive installments, then your account will be closed. However, when the account is closed, it can be re-activated for the next 2 months.