Many schemes are being run by the post office for the benefit of the common people. One of these schemes is the Post Office Recurring Deposit Scheme, this scheme is not only a safe scheme, but under this, you can get good returns by depositing only up to Rs 100 every month. This plan offers both single account and joint account facilities.
It has a maturity period of 5 years, however, if you wish, you can extend it for another 5 years before the maturity period is over. There is no upper limit on investment. According to the official website of India Post Office, currently, 8% interest is being given on this scheme. In this scheme, if you deposit Rs 10000 every month for 10 years, then on completion of maturity you will be able to get returns of up to Rs 28 lakh.
Source: Krishi Jagran
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