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Post Office's 'Zero' Risk Scheme: How to Raise ₹25 Lakh
The Post Office's Recurring Deposit Scheme offers a secure investment option with guaranteed returns. Investors can start with just ₹100 and potentially accumulate ₹25 lakh over time.
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What Happened?
The Post Office's Recurring Deposit Scheme offers a secure investment option with guaranteed returns. Investors can start with just ₹100 and potentially accumulate ₹25 lakh over time.
AI Quick Summary
The Post Office's Recurring Deposit Scheme allows safe investments starting at ₹100, potentially raising ₹25 lakh over time.
Key points
- Post Office schemes are considered zero-risk due to government backing.
- The Recurring Deposit Scheme allows investments starting from ₹100.
- Investors can earn interest rates up to 6.7%.
- The maturity period for the scheme is set at 5 years.
- Loans can be availed against the deposits after one year.
- To accumulate ₹25 lakh, a monthly investment of ₹15,000 is required for 10 years.
Key insights
- The scheme could attract risk-averse investors seeking stable returns.
- It may encourage more people to save regularly due to its low entry point.
- The ability to take loans against deposits could enhance liquidity for investors.
Why it matters
This scheme provides a safe investment option for individuals looking to grow their savings.
Source
India Today
