A big return can be obtained by investing only 100 rupees, Learn about this post office scheme
There is a saying that money pulls money. This is true since only a pair of pies can create a large fund. To start raising money today to meet tomorrow's big financial need. It is not that you need big savings to cover any big financial expenses in future. You can handle this for smaller money.
There are all sorts of investment schemes in the market today that give you a plan to save even a very small amount every month. Post offices can also be a great way to invest. Here you can start investing from just Rs. In this post office scheme, you can create a good fund by depositing less money every month. Here we are talking about the post office's five-year recurring deposit scheme.
What is this scheme?
The security of the money you invest in a Post Office Recurring Deposit is also guaranteed. The return is also good. It is a government guaranteed scheme in which Post Office Recurring Deposit Account will be open. You can invest at least Rs 100 in this post office scheme. You can deposit as much money as you want in multiples of 10. There is no limit to the maximum deposit amount.
This is how much interest you get
The post office's RD scheme is currently earning 5.8 per cent interest. A recurring deposit account is opened at the post office for five years. After every three months, the interest on the money deposited in this account is calculated. However, it is a small savings scheme and the government announces the interest rates of the small savings scheme every three months.
How do you open an account?
You can open an RD account by visiting your nearest post office. You can also open a joint account with any member of your family if you wish. You can start this account with 100 rupees