Post Office RD Scheme: Invest Rs 100 a Day and Earn Rs 2,14,097 at Maturity – Here's How

If you're looking to build a substantial savings fund without the stress of high-risk investments, the Post Office Recurring Deposit (RD) scheme is your ideal solution. With small, regular contributions, this low-risk option offers a reliable way to secure your financial future .

The Magic of Small Contributions: How It Works

The Post Office RD scheme allows you to invest as little as Rs 100 a day, or Rs 3,000 monthly. Over a five-year period, you would invest Rs 1,80,000. With an attractive interest rate of 6.7%, this steady saving could grow to Rs 2,14,097, offering a total interest of Rs 34,097 on maturity.

Simple Investment with Flexible Options

• Start with Rs 100/day: Contribute as little as Rs 100 a day, or Rs 3,000 each month.
• No upper limit: The scheme is designed to suit all income levels, with no maximum deposit amount.
• Annual Contribution: The total annual investment would be Rs 36,000, ensuring steady growth.

Additional Benefits: Loan and Extension Options

• Loan Facility: Once you've made 12 monthly deposits, you can take a loan against your RD balance of up to 50%. The loan interest rate is 2% higher than the RD rate.
• 5-Year Extension : After the initial 5 years, you can extend your RD for another 5 years at the same interest rate, with the flexibility to close it at any time.

Considerations for Early Closure

If you need to access your funds sooner, you can close the RD account after three years. However, doing so will result in a reduced interest rate, equivalent to the savings account interest rate (currently 4%).

Why Choose This Scheme?

The Post Office RD scheme is an excellent choice for those looking to save regularly without worrying about market fluctuations. It’s an accessible, risk-free way to grow your wealth steadily, making it a smart option for individuals at all stages of life.