As a one-time deposit investment scheme, you can get up to Rs 16 lakh after 10 years even if you only invest once ..!
Naturally, investing in a POST OFFICE project is thought to benefit us in many ways. Post office projects are run by the government, so don’t worry about whether the money will sink perfectly after investing in it. People know how to save money, but it is often seen as not investing in the right place for better returns.
If you are planning to invest for a long period of time, you can invest in the 'Kisan Vikas Patra' (KVP) scheme of the post office 'Kisan Vikas Patra'. By investing in this program, you can double your income. This is one of the best selling post office programs. Not only is this plan safe, you can get big money by investing only Rs.100 per month. However, there is no maximum limit on the amount that can be invested. Post Office RD Deposit Account is a government guarantee scheme for depositing small installments with excellent interest rate.
If you invest Rs. The thing to note is that if you do not deposit the RD installment on time, you will have to pay a penalty. If the installment is late, you will have to pay a one percent penalty each month.This way, if you do not deposit four installments in a row, your account will be closed. However, once the account is closed, it can be reactivated for the next two months.
What is the interest rate on the offer?
You must open an RD account at the post office for at least 5 years. Interest is calculated on each quarter (at an annual rate). It will be added to your account with compound interest at the end of each quarter. According to the India Post Office website, the RD scheme currently carries an interest rate of 5.8%.
0 Comments