Post office arrangement: If you want to build a fat fund by making money for the future, this is a great plan for you. Let us tell you that the scheme of the existing post office is very popular. By investing money through these schemes, you can build up a sizeable fund. In these schemes, you will get big returns with safe investments. Today, here we are going to talk about one such scheme, in which you can invest up to Rs.100.
Post office arrangement
The name of the post office scheme we are talking about here is Post Office Recurring Deposit Scheme (Post Office RD Scheme). Interest is received on this at 5.8 percent per annum.
R.D. Post Office
You can invest up to Rs 100 in the Post Office Recurring Deposit Scheme (Post Office RD Scheme). There is no limit on the maximum investment. With this scheme you receive 5.8 percent interest annually.
You get so much money by depositing 10 thousand rupees
If you invest 10 thousand rupees every month, in 5 years it will become a fund of about 6,96,968 rupees. In addition, interest of Rs 96,968 will be received. In 5 years you need to invest Rs 6 lakh.
If you extend this scheme once after 5 years for another 5 years, you will get Rs 16,26,476. In this, Rs 4,26,476 will be received as interest. In 5 years you need to invest Rs 12 lakh.
A loan can be taken out on this investment
For your information, let us tell you that a loan can be taken out in a post office RD account. Once you deposit 12 installments, you can take out a 50 percent loan. The loan can be repaid in one go or in installments. 7.8 percent interest must be paid on this loan. You can terminate this scheme early after 3 years.
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