Post Office RD Scheme: In the Post Office Recurring Deposit Saving Scheme account can be closed after 3 years of opening. At the same time, after one year of starting the investment, up to 50 percent loan facility is also given in it.
If you want to get good returns by investing and are looking for safe investment, then this news is for you. Actually, Saving Schemes of Post Office can be the right choice in this case, because investment in it is considered safe. Many schemes of Post Office are very popular among the people. One of these is Recurring Deposit Plan (Post Office Recurring Deposit) which gives excellent returns along with guaranteed security.
Government has increased the interest rate
Recently, the rate of interest received by the investors on this post office savings scheme has been revised and increased by the Central Government. The government has increased the interest rate from 6.2 percent to 6.5 percent for the July-September quarter. That is, the interest rate of Post Office Recurring Deposit Scheme has been increased by 30 basis points. In such a situation, investing in this saving scheme is now proving to be even more profitable.
Investment can start from Rs 100
Significantly, the central government revises the interest rates of its savings scheme on a quarterly basis. You can invest in Post Office’s Recurring Deposit Scheme for a period of one year, two years or more as per your convenience. The minimum age limit for taking this scheme has been set at 18 years, that is, anyone older than this can invest. Relatives can open it in the name of their minor children, otherwise facility has also been given to open joint account. By opening an account in this scheme, you can start investing with just Rs.100. This is where it can now be invested for 10 years.
You can deposit money for 10 years
The money invested in this government scheme is completely safe and the interest is also better. A hefty fund can be accumulated by investing a fixed amount every month for 10 years. However, the interest rates of Post Office Recurring Deposit Scheme as well as other savings schemes are revised every three months, so they may increase or decrease. But if the current interest rate remains constant, then according to this, an investor can get Rs 8 lakh in 10 years by depositing Rs 5,000 every month.
This is the complete calculation of interest
If you look at the calculation, if you deposit a fixed amount of Rs 5,000 every month in the post office’s recurring deposit account and continue this process for the whole 10 years, then at the current rate of 6.5 percent, the interest on your deposit would be Rs 2.46 lakh. Is. At the same time, the total amount deposited by you will be 6 lakh rupees. Accordingly, you will get Rs 8.46 lakh after 10 years. Now in the meantime, if the government revises and increases the interest rates, then accordingly the interest you get will also increase and more money will come in hand.
Loan facility to the account holder
In the Post Office Recurring Deposit Scheme, it can be closed after 3 years of opening the account. At the same time, after one year of starting the investment, up to 50 percent loan facility is also given in it. Simply put, if a person deposits the installments for 12 months after opening an account in this scheme, then on the basis of this he can get loan from banks. In this scheme, you can take half the amount as loan on your total deposit.
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