The Indian Post Office (India Post Office) offers a variety of schemes, allowing people to safely invest their money and earn significant returns. These post office schemes are government-run, offering investors a fixed rate of return.
Therefore, there’s no fear of losing money when investing in these schemes. Today, we’re going to tell you about the Post Office’s RD (Recurring Deposit) scheme, where you can build a fund worth lakhs of rupees with small monthly investments.
Post Office RD Scheme
If you’d like to invest a small amount every month, you can invest in the Post Office’s Recurring Deposit (RD) scheme. This scheme offers a 6.7 percent interest rate. The maturity period for this scheme is 5 years. You have to deposit a fixed amount every month for 5 years. The special feature of the RD scheme is that you can start investing with just ₹100, but what is the maximum monthly investment?
Maximum investment in Post Office RD scheme
You can start investing in the Post Office RD scheme with a minimum of ₹100 per month, but there is no maximum investment limit. You can invest any amount per month.
Return on investment of Rs 20,000 in Post Office RD scheme
If you invest Rs 20,000 every month in the Post Office RD scheme for five years, you will invest a total of Rs 12 lakh over five years. This means you will receive a total of Rs 14.27 lakh upon maturity. Thus, you will earn a total profit of Rs 2.27 lakh over five years.
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