Post office scheme: Get return of Rs 16 lakh at maturity on monthly deposit of Rs 10,000

New Delhi : If you want to invest then you can get huge amount of lakhs of rupees by investing in post office scheme. Post office offers good interest rates to people across the country. Post office scheme is one of the safest investment options in the country.

Recurring Deposit Plan is one of the popular post office schemes and people find it very useful. Anyone can invest in this scheme with an initial contribution of just Rs 100 at the post office and get a good return.

Choosing an investment option from the many investment options already available in the Indian market is always a big challenge for people. As a result, it takes longer and requires more work. You can easily find the best investment option for profit.

Anyone who is at least 18 years of age can sign up for these savings plans and open an account with just a few clicks if they wish to invest. Parents can also open accounts for their minor children. If you open an account under this scheme and deposit 12 installments then people.

Under this arrangement, they are allowed to borrow up to 50 percent of their total deposits. People who invest in this post office scheme will get interest payment every three months. Interest and compound interest are credited to your account at the end of every quarter.

If a person invests money in a recurring deposit scheme for a long period of time, he can earn a significant amount for himself. For example, if you had deposited Rs 10,000 per month for ten years in a recurring deposit scheme, you would have got Rs 16 lakh.

You will need around Rs 12,00,000 to invest in a recurring deposit scheme for 10 years as you have chosen a tenure of 10 years. After this, you will get a refund of Rs 4,26,476 on the maturity of the scheme. Thus after 10 years you get a total of Rs 16,26.