If you want to grow your wealth without taking too much risk and earn significant returns by investing small amounts every month, then this special Post Office scheme is for you. With this, you can easily earn lakhs in 5 years. Let’s find out how…
You can start investing in the Post Office Recurring Deposit scheme with just ₹100. You don’t need to invest a large sum, and you can earn significant returns by making small monthly installments. This is why this scheme is a great option for the general public.
If you invest Rs 50,000 every month in the Post Office Recurring Deposit Scheme, you will accumulate a total of Rs 30 lakh in 5 years. With the interest earned, your total amount can reach Rs 35 lakh. Earning this much money through this scheme is quite easy.
This scheme is completely safe because it is backed by the government. Unlike the stock market or mutual funds, it doesn’t fluctuate. The interest on your money is also fixed, ensuring your investment is secure.
If you suddenly need money, you can also take a loan of up to 50% of your deposit after one year. This allows you to withdraw money without closing your account and repay it comfortably later.
You can also get a tax deduction of up to ₹1.5 lakh under this Post Office scheme. This means you can save tax on your investment while also earning a good income safely. This scheme also offers significant tax savings.
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