Looking for a safe way to grow your money with steady returns? The Post Office Recurring Deposit (RD) Scheme could be your perfect choice.
You can start investing with just ₹100 per month. There's no need for a large upfront amount. Even small monthly deposits over 5 years can lead to substantial returns.
For example, if you invest ₹50,000 per month in the RD scheme, your total deposits over 5 years would be around ₹30 lakh. With the current interest rates, your total savings could reach ₹35 lakh or more.
The biggest advantage of this scheme is its complete safety. Being government-backed, it doesn't have the risks of the stock market or mutual funds. The interest rate is fixed, providing full security for your money.
After one year, you can take a loan up to 50% of your deposit without closing your account.
Under Section 80C, you can claim tax deduction up to ₹1.5 lakh on your deposits.
Low-risk investment
Fixed returns
Government-backed security
Tax benefits
Loan facility in emergencies
By investing regularly in the Post Office RD Scheme, you can achieve your financial goals safely. With interest rates and tax rules subject to change, now is a good time to start planning your RD investment.