Post Office RD Program The Post Office provides investors with a variety of secure plans. The Post Office RD Scheme is one among them. One can become a millionaire by investing Rs 5000 in this strategy for a few years. Money doesn’t have a chance of sinking in it. Additionally, there are returns that are guaranteed. Let’s see its full computation.
The Post Office RD Scheme might be a great choice if you’re searching for a secure investment platform. You can build up a sizable fund for the future by investing in it. Information obtained from the post office’s official website indicates that this scheme is now offering a return of up to 6.7%.
Just Rs 100 is needed to begin the Post Office RD plan. Every quarter, the return obtained under this plan is computed. Tell us how to invest in the Post Office RD plan and become a billionaire.
Calculation of becoming a millionaire
- Investment amount- Rs 5000 per month
- Investment period- 10 years
- Return- 6.7 percent
Calculations
If you invest Rs 5000 per month for ten years in the Post Office RD scheme, you will receive Rs 8,54,272 at a rate of 6.7 percent return. During these ten years, Rs 2,54,272 will be the return. In addition, Rs 6 lakh will be invested throughout the course of these ten years.
This implies that you have made Rs 2 lakhs while sitting thanks to this scheme alone.
In this manner, the return might be even higher if the monthly investment amount is raised. At a 6.7 percent return rate, you will receive a total return of Rs 13,66,840 if you invest Rs 8,000 every month in this scheme for ten years. The money received in return will double at the same time. This indicates that Rs 4,06,840 will be the scheme’s return during the next ten years.
It may be advisable to use the RD scheme if you wish to save money for future needs. In addition to this, you can invest in mutual funds if you want higher returns. Returns received in this way are not assured, though.
Read More: Samsung Galaxy Z Flip 6: Cheaper on Amazon or Flipkart?
|
|
 Facebook Page |
Click Here |
| Twitter |
Click Here |
| Instagram |
Click Here |
