If you are considering putting resources into the next few days, you can do it in the investment funds plans of the Post Office. You certainly get great returns in these plans. Likewise, the cash put resources into it is additionally totally protected. In the event that the bank defaults ,, you get back just Rs 5 lakh. Yet, this isn’t true in the Post Office .
Aside from this, interest in Post Office savings funds plans can be begun with a tiny sum. Post Office Recurring Deposit (RD) is likewise remembered for the small investment funds plans of the Post Office. Let us tell this plan exhaustively.
Pace of interest
As of now, the interest of 5.8 percent per annum is available in the RD plan of the Post Office. The interest is accumulated on a quarterly premise. The interest is appropriate from first April 2020.
Investment sum
In the Recurring Deposit Scheme of the Post Office, you should put basically Rs 100 in a month. In this, any sum can be put resources into multiples of Rs 10. There is no maximum investment limit in this small investment savings scheme.
Who can open account?
In this small savings investment scheme, one adult or up to three adults can open a joint service together. Aside from this, the guardian can likewise open the account for the benefit of a minor or for an individual of frail mind. A minor over the age of 10 years can likewise open a account in the Post Office in his own name. Quite a few accounts can be opened in this plan.
Maturity
In the Post Office RD plot, there is maturity following a long time from the date of opening theaccount. (ie 60 month to month deposit) The account can be reached out for a further time of five years by making an application at the concerned Post Office. The interest appropriate during the lengthy period will be something similar at which the account was opened.
The drawn out account can be shut whenever during the lengthy period. For finished years, RD financing cost will be appropriate and for residencies short of what one year, Post Office Savings Account interest will be pertinent. A RD account can likewise be kept with practically no deposit for a time of a long time from the date of maturity.
