Post Office Scheme: Starting with Rs.100, you can get Rs.16 lakhs with this scheme!

Most people prefer a risk-free investment. Look for low-investment but high-return plans. For such people recurring in the post office & zwnj; Deposit & zwnj; The scheme is very useful. Starting at just Rs 100 you can get up to Rs 16 lakh at maturity.

Safe

Post Office & zwnj; Recurring & zwnj; Deposit & zwnj; Highly secure. There is no fear of actual damage. You can open this account with Rs.100. Deposit money every month & zwnj; To be done. Minimum amount is Rs.100. There is no maximum limit. This means you can deposit as much money as you like. Interest is paid on deposits every three months on an annual basis. In addition the compound & zwnj; Interest & zwnj; Comes. Implementing an interest rate of 5.8 percent from July 1, 2020. The Central Government revises interest rates on small savings schemes every three months. If you invest Rs 10,000 per month for ten years in the scheme, you can receive Rs 16.28 lakh at maturity. But there is another important thing to know. The money should be deposited in this scheme regularly on a monthly basis. Failure to do so will result in a fine. Will have to pay a penalty of one per cent per month. Your account will close if you do not pay for four consecutive months. Activate again & zwnj; It should take two months to complete.

These are the terms.

Post Office & zwnj; Recurring & zwnj; Deposit & zwnj; Single & zwnj; Or open as a joint. Joint & zwnj; A maximum of three is possible on account. Ten-year-olds are the Guardian & zwnj; Account can be opened in presence. The scheme has a maturity period of five years but can be extended for another five years. A nominee can be set up for this account. Three years after opening the account, the pre-closure & zwnj; Chances are.

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