Post Office RD scheme: If you are also looking for a safe investment in low income and want to make a strong financial plan for the future, then Post Office RD scheme Recurring Deposit (RD) Scheme Can prove to be a great option for you. The special thing is that in this scheme you do not need to invest a large amount at once. Even by saving just ₹100 daily, you can create a fund worth lakhs of rupees in a few years.

What is the RD scheme of post office? (Post Office RD scheme)

Post Office Recurring Deposit is a government savings scheme, in which the investor has to deposit a fixed amount every month. This scheme is specially designed for those who want safe and fixed returns while staying away from risk. RD account can be easily opened in any post office of the country.

How to make lakhs from ₹100 a day?

If you save ₹100 daily, this amount becomes around ₹3,000 in a month. like this:

• Monthly investment: ₹3,000


• Annual investment: ₹36,000


• Total deposit amount in 5 years: ₹1,80,000

By adding the interest received under Post Office RD on this deposited amount, it creates a good fund for you on maturity. Because of compound interest, your savings grow faster over time, resulting in a strong sum in 5 years.

You can continue investing even after 5 years

The basic tenure of Post Office RD is 5 years, but if the investor wishes, it can be extended further. Extend for 5 years Can do. The advantage of extension is that interest continues to be received on your deposit for a longer period, due to which the fund becomes bigger.

Why is Post Office RD the safest?

• Complete security with government guarantee


• No effect of market fluctuations


• Fixed interest rate, returns are known in advance


• Ideal for salary class and small investors


• Useful for children’s education, marriage and future needs

Who can open RD account?

Any Indian citizen can open a post office RD account. The account can also be opened in the name of a minor. Apart from this, single and joint account facility is also available.

Important information to tax

The interest received on RD comes under the ambit of tax. If the interest exceeds the prescribed limit, TDS can also be deducted on it. However, this can be easily managed through proper tax planning.

If you want to make regular savings without risk, the Post Office RD scheme is a reliable option. A small habit of ₹100 daily can give you a secure and strong financial backup in 5 years. With proper planning and patience, this scheme can turn your dreams into reality.