Post Office RD Scheme: Post Office offers many safe schemes to investors. One of these is Post Office RD Scheme. By investing Rs 5000 in this scheme for a few years, one can become a millionaire. At the same time, there is no risk of money sinking in it. Along with this, guaranteed returns are available. Let’s see its complete calculation.
If you are looking for a safe platform for investment, then Post Office RD Scheme can be a better option. By investing in it, you can prepare a big fund for the future. According to the information received from the official website of the post office, this scheme is currently giving a return of up to 6.7 percent.
Post Office RD Scheme can be started by investing just Rs 100. The return received in this scheme is calculated every quarter. Let’s know how to become a millionaire by investing in Post Office RD Scheme.
Calculation to become a Lakhpati
- Investment amount- Rs 5000 per month
- Investment period- 10 years
- Return- 6.7 percent
Calculation
If you invest Rs 5000 every month in the Post Office RD scheme. If this is done for 10 years. Then according to 6.7 percent return, you will get Rs 8,54,272 in 10 years. At the same time, the return received in these 10 years will be Rs 2,54,272. Along with this, the investment amount in these 10 years is going to be Rs 6 lakh.
Which means that you have earned 2 lakh rupees sitting idle from this scheme.
In this way, if the investment amount per month is increased, then the return can be even more. If you invest Rs 8000 every month in this scheme for 10 years, then according to 6.7 percent return, you will get a total return of Rs 13,66,840. The amount of return will double. This means that the return from the scheme in these 10 years will be Rs 4,06,840.
If you want to save for any future expenses, then RD scheme can be a better option. Apart from this, if you are looking for better returns, then you can also invest in mutual funds. However, the returns received in this are not guaranteed.
