This Scheme of Post Office is Giving Excellent Returns, You Will Get 7 Lakh Funds on investment
Yuva Patrkaar, New Delhi : There are many savings schemes running near the post office, which is working as the number one company in the country. Changes in the interest rates of small savings schemes have been announced for this July-September quarter. Under this change, RD of 5 years has been made even more spectacular. The government has increased its interest rates by a whopping 30 basis points. Now the RD scheme of the post office will get 6.5 percent interest instead of 6.2 percent. Apart from this, an increase of 10 basis points has been made in the interest rate on 1 year, 2 year time deposits.
The new interest rate on Post Office Recurring Deposit is applicable from 1 July 2023, which will remain till 30 September 2023. This is a scheme that
The term is for investors. 6.5 percent interest is available annually. But it is available on quarterly compound basis. You can invest as low as Rs 100 and in multiples of Rs 100 thereafter. Please tell that the post office recurring deposit from the bank is only for 5 years.
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Will get 7.10 lakhs on depositing Rs 10,000
According to the post office RD scheme, if an investor deposits Rs 10,000 every month. So after 5 years he will get 7 lakh 10 thousand rupees. His total accumulated capital would be Rs 6 lakh and the interest component would be around Rs 1 lakh 10,000.
From when it is necessary to deposit the installment
If you also want to open a recurring deposit account in the post office. So tell if the account is opened between 1st to 15th. So it has to be deposited by 15th of every month.
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There will be big loss in haste
Loan facility is also available after depositing 12 installments. Its rate of interest will be 2 percent more than the RD account interest rate. If the account is closed even 1 day before 5 years. So only you will get the benefit of interest in the account. At present the rate of interest in savings account is 4 per cent.
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