SpreadIt News | Digital Newspaper

Invest only Rs 10,000 per month and get up to Rs 16 lakh return in this Post Office Scheme, Know here how

Investing in Post Office schemes is considered one of the safest opportunities for the middle-class community of India. It is the perfect solution for those who don’t want to take any risks like mutual funds, the stock market etc.

Today we will take a look at one such scheme where you have to spend only Rs 10,000 and you will be able to earn up to Rs 16 lakh in return.

Advertisement

Just like FDs and RDs in public and private banks, Post Office also offers the same services. It is currently offering a 5.8% interest rate on RDs and there is no upper limit on how much you want to invest, the minimum amount for the RD is Rs 100. The RD interest rate was revised on April 1, 2020. However, the centre revises the rates every quarter for its different small savings schemes.

For example, if you invest Rs 10,000 in your RD every month. With the interest rate of 5.8%, you will get 16 lakhs in 10 years which is a great return. As your interest rate is calculated every quarter, it is successful in generating a stable earning regularly.

Advertisement

So, if you have a budget of Rs 10,000 that you can spend every month, you can invest in Post Office RDs which will give you guaranteed returns.

For more breaking news, click here.

Advertisement