
Post Office Recurring Deposit Scheme: Invest ₹500 Daily to Earn ₹25 Lakh
The Post Office Recurring Deposit Scheme allows investors to save ₹500 daily, potentially accumulating ₹25 lakh over time. With a guaranteed interest rate of 6.7%, investors can earn over ₹7 lakh in 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 time. With a guaranteed interest rate of 6.7%, investors can earn over ₹7 lakh in interest alone.
Why it matters
This scheme provides a secure investment option with attractive returns for small investors.
Key points
- The Post Office Recurring Deposit Scheme allows daily savings of ₹500.
- Investors can accumulate a fund of ₹25 lakh over time.
- The scheme offers a guaranteed interest rate of 6.7%.
- Investors can start an account with a minimum of ₹100.
- The maturity period for the investment is five years.
- After maturity, investors can extend their investment for another five years.
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 government guarantees the safety of investments, enhancing trust in the scheme.
AI Quick Summary
Invest ₹500 daily in the Post Office Recurring Deposit Scheme to potentially earn ₹25 lakh and over ₹7 lakh in interest.
Source
India Today



