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Title : How to invest Rs.10,000 per month in this post office scheme and earn Rs.16 lakh, | Personal Financial News
link : How to invest Rs.10,000 per month in this post office scheme and earn Rs.16 lakh, | Personal Financial News

How to invest Rs.10,000 per month in this post office scheme and earn Rs.16 lakh, | Personal Financial News

New Delhi: Investing in postal schemes to retain one’s money is considered to be the most reliable and secure option. Investing in post office schemes is popular among middle class Indians who do not want to risk their money by investing in the stock market or cryptocurrencies. India Post’s multiple savings plans are one of the most popular risk-free savings options in the country. Investing in solid plans with sets and good interest rates is one of the main objectives of the average middle class Indian. The government-backed post office is trying to achieve those objectives.

While investing in fixed deposits or savings accounts at banks is an option, investing in a post office savings plan, or more accurately, a post office serial deposit account, is another great option.

This strategy ensures that both your money and the interest you earn over time are safe and secure. It should also be noted that while giving high returns, the potential risk is low. If you want to invest in something that will give you significant returns by investing a small amount of money on a monthly basis, it is a good place to start a Post Office Series Deposit Account.

Post Office RD offers higher interest rates. The advantages of this scheme are that the minimum investment is Rs. 100 and there is no maximum investment limit.

With a 5.8 percent interest rate, this strategy is one of the most popular options. This is the most recent interest rate announced by the government since April 1, 2020. Every quarter, the federal government sets interest rates for its small savings plans.

To demonstrate the effectiveness of a series deposit investment, consider the following: At the current rate of 5.8 per cent per month, Rs. If you invest Rs 10,000, your money will reach around Rs 16 lakh in 10 years. Since compound interest is calculated every quarter, it is very successful in earning returns for investors on a regular basis.

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