Post Office Scheme | Invest ten thousand and get 16 lakh rupees, see-details
By Lokmat English Desk | Published: June 5, 2022 08:06 PM2022-06-05T20:06:27+5:302022-06-05T20:06:27+5:30
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Investing in Post Office schemes is regarded as the most dependable and secure option to retain one's money.
Several of India Post's savings programmes are among the most popular risk-free savings options in the country.
Investing in solid schemes with set and good rates of interest remains one of the top objectives for the average middle-class Indian.
If you invest Rs 10,000 every month at the present interest rate of 5.8 percent, your money will compound to about Rs 16 lakh in 10 years
Because compound interest is calculated every quarter, it is quite successful in assisting investors in generating earnings on a regular basis.
This strategy ensures that both your money and the interest you earn over time are safe and secure.
It should also be highlighted that the potential risk is low while still giving high profits.
If you want to invest in something that will yield significant returns by investing little amounts of money on a monthly basis, starting a Post Office Recurring Deposit Account is a good place to start.
