The Post Office scheme will make you rich, Know the investment tips
Post Office Scheme: The Indian Post Office is popular for the best investment. You can invest in the post office’s recurring deposit scheme or RD scheme to get an interest of Rs 2.54 lakh. Security guarantees are given government in this scheme.
The operating scheme by the government is risk-free all the time. However, you can invest Rs 5,000 monthly in the post office recurring scheme, and you will prepare a Rs 8 lakh fund. In this, you will get Rs 2.54 lakh only in interest. This small savings scheme will give 6.7% amazing interest rate.
Detailed Calculation: First of all, you should deposit 5,000 per month on the RD scheme. This scheme has 5 5-year maturity period. So, the total investment is Rs 3 lakh over 5 years. In this period, you get Rs 56,830 by 6.7%. Means, your total fund will be Rs 3,56,830.
If you extend this RD scheme next 5 years, you will get Rs 6,00,000 in 10 years. However, you will get interest of Rs 2,54,272 6.7% by 6.7% in these savings. In this calculation, your total savings fund will be Rs 8,54,272 in 10 years.
