Invest 10,000 rupees in this scheme of Post Office and get 7 lakh rupees, know about the scheme

Post Office Scheme: Saving money appeals to everyone. Because money will become your greatest ally in times of need, such as emergencies, your children’s schooling, retirement, etc., if you continue to save it today. The post office has devised a fantastic plan in this episode that allows you to save money and build up a sizable budget for the future.

We are discussing the Recurring Deposit (RD) program of the post office, which is very beneficial to the public. Please update us on every aspect of this plan.

Post Office RD Scheme: What is it?

You make a monthly deposit of a certain amount under the Recurring Deposit Scheme. Within five years, this sum grows significantly. The main advantage of the post office RD is that, thanks to the Government of India’s assistance, your money is totally secure.

Interest rates and profits

This plan offers a 6.7% annual interest rate that is compounded weekly for the quarter ending in September 2025. A person may get a total of Rs 713,659 after five years if he invests Rs 10,000 each month. This will have an interest of 113,659 and a deposit of 6 lakh.

There is also a loan facility accessible

The ability to borrow up to 50% of the deposit amount if you have maintained an RD account consistently for a year is another significant aspect of this program. This loan’s interest rate will be 2% more than RD’s.

Who is this plan for?

This program is particularly advantageous for workers, students, housewives, small company owners, and salaried staff. For those who want to begin saving a little sum, this plan is a good choice.

How do I create an account?

An Aadhaar card, a PAN card, and a passport-sized picture are required in order to create an RD account. A penalty may be applied if the money is not deposited at least once each month. Investing is now considerably simpler since this strategy may now be run online.