Post Office Scheme: Nowadays everyone is thinking about growing their money, and for this the Post Office RD Scheme is a good way. This scheme is especially beneficial for those who want to build a big fund for the future by investing a little every month.
Nowadays everyone is thinking about growing their money, and for this the Post Office RD scheme is a good way. This scheme is especially beneficial for those who want to build a big fund for the future by investing a little every month.
If you are also wondering how much profit can be earned by investing Rs 2000, 3000 or 5000 every month, then this news is for you. This recurring deposit scheme of the post office is very easy and safe, in which you can start with just Rs 100.
In the Post Office RD scheme, you get 6.7 percent annual interest, and this scheme matures in 5 years. That is, you will deposit money every month for 5 years, and after that you will get your principal amount and interest together. This scheme is special because the money in it is completely safe and the return is also assured. So let’s see what will happen if you invest Rs 1000, 2000, 3000 and 5000 every month.
Let’s talk about Rs 1000 first. If you invest Rs 1000 every month, then in 5 years you will have a total of Rs 60,000. This is calculated for 60 months, because there are 12 months in each year. When this scheme matures, you will get Rs 70,989. Out of this, Rs 10,989 will be interest only. Talking about Rs 2000, if you invest Rs 2000 every month, then in 5 years you will have a total of Rs 1,20,000. This is calculated for 60 months, because there are 12 months in every year. When this scheme matures, you will get Rs 1,42,732. Out of this, Rs 22,732 will be interest only.
Now it is the turn of Rs 3000. If you invest Rs 3000 every month, a total of Rs 1,80,000 will be deposited in 5 years. At the end of the term, you will get Rs 2,14,097, out of which Rs 34,097 will be interest. This amount can bring some relief in your life, like it will help in the education of children or buying some essential goods.
This scheme of the post office is also liked because there is no risk in it. There are ups and downs in the bank or stock market, but the promise of the post office always remains intact. You can start with Rs 100 as per your convenience and gradually increase the amount. This scheme is specially designed for those people who want big benefits from small savings.
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