BusinessPhoto: News18Hi BusinessPost Office RD Scheme Offers ₹2.12 Lakh in 5 Years with Monthly Deposits
The Post Office Recurring Deposit (RD) scheme allows investors to build a substantial fund by depositing small amounts monthly over five years. Starting with as little as ₹100, the scheme offers compound interest. For example, depositing ₹3,000 monthly at a 6.5% interest rate can yield around ₹2.12 lakh after five years. Additionally, account holders can avail loans up to 50% of the balance after 12 installments.
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