Post Office Scheme: If you want to make your future safe by saving some money every day, then the post office scheme is no less than a treasure for you. Yes, we are talking about the Post Office Recurring Deposit (RD) scheme. In this scheme, you can become a millionaire in 10 years by depositing only ₹ 333 daily.
Post Office scheme: The tradition of depositing money in a piggy bank has been going on for years in the middle class families of the country, but the post office schemes are working as a piggy bank of money in the lives of people. Yes, the RD scheme of the post office can make the small investments of investors big. If you invest Rs 333 daily in the RD scheme, then you can easily become a millionaire.
Interest rate and account opening facility
Currently, investors are getting 6.7% annual compound interest in the RD scheme of the post office. To invest money in this scheme, investors can easily open a single or joint account in it. In this scheme, you can start with just ₹100, but if investors deposit ₹333 daily, then this amount becomes around ₹10,000 in a month.
Although this scheme is completely secured by the government, that is, there is no risk of money sinking in it. But paying the installment on time every month is necessary for this scheme. There will be a 1% penalty on missing an installment, and if 4 consecutive installments are not paid, then the account can also be closed.
Understand how to become a millionaire through calculation
If investors deposit ₹10,000 every month i.e. ₹333 daily in the RD scheme of the post office, then in 5 years you will deposit a total of ₹6 lakh. Also, a total of ₹7.13 lakh will be available from 6.7% interest on this investment.
Now if you extend this scheme for 5 more years, then in total 10 years you will deposit ₹ 12 lakh. In this, you will get ₹ 5,08,546 as interest. That is, after 10 years, the total amount on maturity will be around ₹ 17,08,546.
Start investing immediately
Yes, if you save just ₹ 333 daily in your life and also invest this money in the RD scheme of the post office, then you will become the owner of 17 lakhs in just 10 years. For investment, open an account in any nearby post office and start investing.
