The Post Office investment schemes are considered to be among the most appealing investment options available.
They are particularly attractive to investors who seek high returns with a low or non-existent risk of losing their invested funds.
If you are seeking a profitable investment but cannot afford to lose any of your hard-earned money, the Post Office investment scheme is designed specifically for investors like you.
Let’s See How You Can Earn Small and Earn Big With Post Office Investment Scheme
Traditionally, individuals have tended to favor bank Fixed Deposits (FDs) and Recurring Deposits (RDs) as their preferred investment options.
However, with the introduction of daily investment schemes like Recurring Deposits by the Post Office, these traditional options have taken a backseat and are now considered less attractive alternatives.
Opening an RD account with the Post Office is a simple and hassle-free process, as it is available to anyone aged 10 years or older.
The scheme requires a minimum monthly deposit of ₹100, which can be increased in multiples of ₹10 each month.
The investment scheme offers an attractive interest rate of 5.8%, which is revised by the Government on a quarterly basis.
One significant advantage of investing in Post Office RDs is the ability to make daily deposits of small amounts, which can accumulate into a substantial sum of money upon maturity.
This sum would consist of the initial investment amount as well as the interest accrued over the investment period.
As per DNA India, the Post Office RD account reaches maturity after 60 months or five years from the opening date, whichever comes first.
After the first year, depositors are allowed to withdraw up to 50% of their deposited amount.
Additionally, they can avail of a loan of up to 50% of their deposited funds after the account has been open for one year.
According to the source, at the current interest rate of 5.8%, an investor can earn returns of nearly Rs. 16 lakhs by investing Rs. 10,000 per month or about Rs. 333 per day.
With a total deposit of Rs. 12 lakhs over ten years, and an anticipated return of Rs. 4.26 lakhs, the total return would be Rs. 16.26 lakhs.
The compound interest is calculated every three months, ensuring investors receive regular returns.
