In search of a safe and high-gain investment for long-term savings? You might be searching for the Post Office Recurring Deposit (RD) Scheme. With regular monthly investments of ₹7,000, you can create a massive corpus in the long term—risk-free and government-guaranteed. No market volatility, no troubles—just guaranteed growth!
What is Post Office RD Scheme?
A safe savings plan of low risk in which you pay a fixed sum every month for 5 years (extendable). Get guaranteed interest (currently 6.7% p.a.) with compounding advantages. Begin with as little as ₹100/month—no maximum limit!
Important Features of Post Office RD:
- 100% Secure – Guaranteed by Govt. of India, no market risk.
- High Interest – 6.7% interest per annum (compounded quarterly).
- Small Saving, Big Return – Begin with only ₹100/month.
- Flexible Deposits – No maximum limit; invest as much as you can.
- Joint Account Option – Open with a maximum of 3 people.
How Much Can You Earn?
- Monthly Investment: ₹7,000
- Total in 5 Years: ₹4.2 Lakh (Principal) + ₹79,564 (Interest) = ₹4.99 Lakh
- Extend for 5 More Years? Grow to ₹12 Lakh+!
Who Should Invest?
- Salaried professionals desiring disciplined savings.
- Parents saving for education/marriage of children.
- Retirees seeking risk-free monthly income.
How to Open Post Office RD Account?
- Go to nearby Post Office with ID proof (Aadhaar/PAN), address proof, and passport photo.
- Fill RD Form & deposit 1st installment (min. ₹100).
- Auto-debit facility for easy payments.
Better Than Banks & FDs?
- More interest than most bank RDs.
- More sure than investing in stock market.
- Adaptable term (5 years, extendable).
Final Verdict:
Safe, steady, and high-growth savings are what you’ll get from Post Office RD, if you ask us. Just ₹7,000 a month, and you’ll be locking in ₹12 lakh+ in 10 years—market risk-free!
