By Admin 
Post Office RD Scheme: Along with income, investing money in the right place can make you financially strong and carefree for the future. Therefore, while choosing an investment option, it is important to pay attention to both security and returns. If you are looking for a scheme where the risk is low and the savings can gradually turn into a big corpus, then government schemes can prove to be a better way.
Investors like post office savings schemes very much. Because the invested amount remains safe. Under the post office scheme, a fund of up to Rs 17 lakh can be created with a small savings of Rs 333 per day. Let us know its complete calculation….
Easy way to make big fund from small savings
Post Office’s Recurring Deposit (RD) scheme is considered good for those people who want secure returns by saving a small amount every month. Currently the scheme is offering 6.7 percent annual interest. The maturity period of RD is 5 years.
On maturity, the entire deposited amount is received along with interest. The big feature of this scheme is that investment can be started with just Rs 100 per month.
Complete calculation of making 17 lakh fund
If you invest Rs 333 daily, then around Rs 10,000 will be accumulated in a month. If this amount is invested for 10 years, the total amount becomes Rs 12 lakh. On maturity this money will increase to approximately Rs 17.08 lakh. Due to which you get the benefit of only interest of about Rs 5.08 lakh.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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