
Post Office Recurring Deposit Scheme: Invest ₹500 Daily to Earn ₹7 Lakh
The Post Office Recurring Deposit Scheme allows investors to save ₹500 daily, potentially accumulating ₹25 lakh over ten years. The scheme offers a 6.7% interest rate, with earnings exceeding ₹7 lakh from interest alone.
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What Happened?
The Post Office Recurring Deposit Scheme allows investors to save ₹500 daily, potentially accumulating ₹25 lakh over ten years. The scheme offers a 6.7% interest rate, with earnings exceeding ₹7 lakh from interest alone.
Why it matters
This scheme provides a secure investment option with guaranteed returns.
Key points
- Invest ₹500 daily to accumulate ₹25 lakh in ten years.
- The scheme offers a 6.7% interest rate.
- Minimum account opening amount is ₹100.
- The maturity period is five years, with an option to extend.
- Total investment over ten years can reach ₹18 lakh.
Key insights
- The scheme's zero-risk nature makes it appealing for conservative investors.
- Regular savings can lead to significant wealth accumulation over time.
- The option to extend the investment period offers flexibility for long-term planning.
AI Quick Summary
The Post Office Recurring Deposit Scheme allows daily savings of ₹500 to potentially earn ₹7 lakh in interest over ten years.
Source
India Today



