Government scheme with huge profits, put 10 thousand and get 16 lakhs

Post Office Investment: Everyone wants to invest in today’s date. Also, many people look for such a better option where they can earn good profits without risk. By the way, the market is full of many investment options and the returns reported on many of these schemes are very attractive. However, some of these investments involve risk.

Many investors prefer safe investment schemes with low returns as they are low in risk. If you are also looking for low-risk returns, then this post office scheme can come in handy for you. Recurring deposit scheme offered by Indian Post is one such policy.

starting with a small amount

In these, an account can be opened for Rs.100. Post Office Recurring Deposit Scheme can be a good option if you also want to build a big fund with small investment. Post Office Recurring Deposits are operated for a tenure ranging from 5 years to 10 years. In this every month you have to deposit 10 thousand rupees.

On depositing 10 thousand rupees every month for 10 years, you will deposit 12 lakh rupees and on getting interest at the rate of 5.8 percent, you will get Rs 16,26,476. By the way, this investment is also for 5 years.

These are the special advantages

If you are not able to deposit money in the Recurring Deposit Scheme midway and it gets closed in between then you can start it again. According to the rule, if 4 installments are not paid continuously on time, then the account gets closed, but to start again, you will have to pay a late installment penalty of 1 rupee on 1 rupee.

read this also

PNB brought a special account for your children, you will get big benefits on opening it, get it opened today

Paytm Q2 Result: Paytm lost 473 crores in the second quarter, know what investors should do?