You can also get Rs 16 lakh from this small savings of post office, invest like this

Post Office has many investment schemes. People are becoming rich by investing in it. In such a situation, if you also want to become rich by investing, then you can invest in a popular scheme of the post office. People’s budget is deteriorating due to continuously increasing inflation. People are not able to invest due to daily expenses. In such a situation, we are going to tell you about such a wonderful scheme of the post office in which you can create a huge fund by making a small investment. Actually we are talking about Post Office RD Scheme. This is the best investment option for you. You can invest monthly in RD scheme. This scheme is also called Post Office RD Account. You can create a big fund in 10 years by investing 10 thousand rupees monthly i.e. 333 rupees every day.

What is the maximum amount you can invest?

For information, let us tell you that any person above 10 years of age can open an account in the Post Office RD Scheme. You can start this account with a small amount of just Rs 100. The government guarantees this scheme. There is no limit on maximum investment. You can invest any amount of money in it.

RD will mature in 5 years

Let us tell you that RD account of post office becomes mature after 5 years of opening or after 60 years. You can extend this RD account further for 10 years. If you can close the RD account after 3 years or take loan up to 50% after 1 year of opening the account. Post office RD account can remain open for 5 years without depositing money.

Know how to get the amount of 16 lakhs

If you invest Rs 10,000 monthly for 10 years in the Post Office RD Scheme, you will get interest at the rate of 5.8 percent after 10 years, after which you will get an amount of more than Rs 16 lakh.

Based on the calculation, you invest a total of Rs 12 lakh in 10 years in which you get Rs 4.26 lakh as interest. Accordingly, you will get Rs 16.26 lakh at maturity.