Get the benefit of Rs 16 lakh by investing Rs 10,000

By investing 10 thousand rupees, you get a benefit of 16 lakhs. The post office came up with such a scheme. The name of this scheme introduced in the post office is "Post Office Recurring Deposit Scheme". In other cases, the amount of installment is more. But you can start investing in this scheme with very little money. Where you can take advantage by investing only 100 rupees per month. There is no maximum limit on investment here. This is a fully government guaranteed scheme.

RD account can be opened at post office for a minimum of 5 years. This account cannot be opened for less than 5 years. Because it is a government guaranteed scheme. Through this scheme, interest is calculated on top of the deposit every three months (at an annual rate).

According to the official website of the post office, the RD scheme is currently being offered at an interest rate of 5.6%. In that case this scheme is very profitable as compared to other schemes

In case of RD account, each installment has to be deposited on time. In case of late submission of installment, the customer has to pay 1% fine charge every month. Again, if the serial 4 installments are not paid, the account may be closed, according to the Post Office website.

Visit the official website of the post office now to get the benefit of Rs 16 lakh by investing Rs 10,000. Learn more about this scheme, then apply.