Post Office Scheme: Even today a large number of people in the country prefer to invest in such schemes, so the market is away from risks. In such a situation, if you want to make a big fund from small investment, then you can invest in Post Office Recurring Deposit Scheme. The special feature of this scheme is that along with getting away from market risks, it also gives the option of small investments. So let us tell you the special things of this scheme-
Special features of Post Office RD Scheme-
Under the post office RD scheme, you can make at least Rs 100.
In such a situation, by depositing Rs 100 per month, you can deposit Rs 1200 in a year.
Keep in mind that under the recurring deposit scheme of the post office, you can open an account for 5 years.
Under this scheme, you get compound interest every three months.
Under this scheme, post office customers get 5.8 percent interest rate. This rate of interest has come into effect from 1st April 2020.
Rules for opening post office RD account-
Let us tell you that a person can open as many accounts in the post office as he wants. You can open it as a single or joint RD. If you have opened a single account earlier, then later you can convert it into a joint account. At the same time, you can also convert a joint RD into a single account. Along with this, if you want, you can do account pre-mature closure only in three years before 5 years. The customer also gets the facility of loan on this scheme. After depositing a total of 12 installments, you can also take loan facility on this scheme.
It is worth mentioning that while opening the post office RD account, it is decided that on which date of the month the installment would have been deposited in the account. If you do not pay the installment on time, then in such a situation you have to pay one percent of the total amount due every day as a fine. If you do not deposit the installment continuously, then in such a situation your account is closed. But, after paying a fine, you can get this account activated within two months.