You can get good returns by investing money in post office schemes. Post Office Recurring Deposit Scheme is one such great scheme. There is absolutely no risk in the money invested in this scheme.
You can start investing in Recurring Deposit Scheme with as little as Rs 100. Apart from this, there is no maximum amount of investment in this scheme, you can invest as much money as you want.
The account can be opened under this scheme for five years. In this, the bank offers the facility of recurring deposit accounts for 6 months, 1 year, 2 years, 3 years. Interest is calculated every quarter on the deposited amount and is added to your account at the end of the quarter. People above the age of 18 years can take advantage of this scheme. If you invest Rs 10000 every month for 10 years in this scheme, then after 10 years you will get more than Rs 16 lakh at the rate of 5.8%.
Source: Krishi Jagran
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