An important and credible place to save money in our country is the post office. The Post Office always launches various schemes thinking about common people. This time also a new savings scheme has been launched by the Post Office for the lower middle class and middle class families.
One of the popular schemes of the Post Office is the Reckring Deposit Scheme (RD Scheme) with a validity of 5 years. You can open an account in this Recurring Deposit Scheme by visiting any post office near you. Investment in this scheme can be started from Rs.100. Even if the validity is five years, you can close the scheme before (Post Office).
Recurring Deposit Scheme
The duration of this scheme is 5 years. You can open an account by visiting any nearby post office. Investment in this scheme can be started with only 100 rupees. And you can deposit up to 5,000 rupees per month.
But a five-year scheme does not mean that your money will be stuck for the whole time. You can close the account before you want. Pre-mature closures can be done after three years. You can even take a loan against this recurring deposit. But for that you have to keep account active for at least one year. You can take a loan of up to 50 percent of the total amount of the post office. Interest rate on loan will be 2 percent higher.
How much is the interest of the Post Office Recurring Deposit?
The current interest rate in this scheme is 6.8 percent. That is, if you deposit 5,000 rupees per month, then you can deposit a total of 3 lakh rupees in 5 years. On this you will get a total interest of about 56,830 taka. That is, at the end of 5 years, your total fund will be 3,56,830 taka. You can earn 56 thousand rupees sitting at home. Moreover, a fundForced SavingsHe will continue to be.
That is, if you keep money in this scheme for a total of 10 years, your total investment amount will be 6 lakh rupees. If you calculate the interest at the rate of 6.8 percent, how much money is standing? In that case you will get a total interest of Tk 2,54,272. That is, after 10 years you will get 8,54,272 taka.
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