Lottery: If you’re seeking a way to save money as well, we’ll tell you about a post office scheme where you may invest 5,000 rupees and receive a return of 3,48,480 lakhs.
One of the best investment choices has always been the post office. We’re going to tell you about the Post Office Recurring Deposit Scheme today, where a small deposit can make you a billionaire.
At now, the government is giving the benefit of 5.8 percent interest every annum on the RD of the post office.
The post office scheme carries no risk at all. Your entire investment is secure.
If you deposit Rs. 5000 in a Post Office Recurring Deposit (RD), you will receive Rs. 3,48,480 upon maturity, or after 5 years.
In this, you will have to invest Rs 5000 every month, therefore according to this, your total investment will be Rs 3 lakh, in which you will get Rs 48,480 as interest.
Starting a post office RD is also possible for Rs 100.
By establishing an account with Rs 100 once, you can invest in multiples of ISO 10-10. On the other hand, there is no upper limit when it comes to the maximum.
In post office RD, anyone can open an unlimited number of accounts. You can open a joint account with three people at the same time. This scheme’s maturity duration is 5 years.
In addition, you can apply for a loan through the post office RD. The post office also offers a lending option.
You can acquire a loan of up to 50% when you deposit 12 installments. When it comes to interest, the loan’s rate is 2% higher than the RD’s interest.
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