Post Office RD: Invest Rs 300 Daily, Get Rs 17 Lakh on Maturity
Post Office RD: Get 6.7% annual interest from January 2024. Minimum investment starts at Rs. 100. This scheme is backed by the Indian government.
Post Office RD Scheme
Investment Details & Interest Rate
* Minimum investment: Rs. 100 per month. No maximum limit.
* Interest rate: Currently 6.7% annual compounding interest (effective from January 1, 2024). The rate is revised quarterly.
* Maturity period: 5 years, extendable by another 5 years.
Saving Rs. 333 Daily
Saving just Rs. 333 daily adds up to about Rs. 10,000 monthly.
5 years: Total deposit: Rs. 6,00,000. Interest: Rs. 1,13,659. Total: Rs. 7,13,659.
10 years: Total deposit: Rs. 12,00,000. Interest: Rs. 5,08,546.
Total: Rs. 17,08,546.
Even with Rs. 5,000 monthly savings, you get Rs. 8.54 Lakhs after 10 years, including Rs. 2.54 Lakhs interest.
Key Benefits
Who Can Invest?
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