If you are looking for a simple and safe way to grow your savings, the Post Office Recurring Deposit (RD) Scheme could be a perfect choice. By saving just ₹100 daily and investing in this government-backed scheme, you can accumulate a substantial fund of over ₹2 lakh in just five years — with zero market risk and guaranteed returns.
Why Choose Post Office RD Scheme?
The Post Office RD Scheme is a trusted savings plan for those who prefer stability and assured returns. Unlike the stock market or other risky investments, the RD scheme ensures that your principal remains safe. The returns are fixed, and your money grows systematically over time. The scheme comes with a maturity period of 5 years, making it an excellent medium-term investment option.
Current Interest Rate
As of now, the Post Office RD Scheme offers an attractive interest rate of 6.7% per annum, compounded quarterly. This interest rate makes it competitive when compared with bank recurring deposits and other small savings schemes.
How to Invest ₹100 Daily
Saving ₹100 per day is a realistic goal for most working individuals. By setting aside ₹100 daily, you will save approximately ₹3,000 per month. You can deposit this ₹3,000 each month into your Post Office RD account.
Here’s how your investment will grow over five years:
Monthly Investment: ₹3,000
Total Investment in 5 Years: ₹1,80,000
Interest Earned at 6.7%: ₹34,097
Maturity Amount after 5 Years: ₹2,14,097
In short, by just saving ₹100 a day, you will accumulate ₹2.14 lakh over five years — a handsome return for a small daily commitment.
What If You Withdraw Early?
If you need to close your RD account before the 5-year maturity period, the interest will be paid at the rate applicable to the Post Office Savings Account, which is currently only 4% per annum. Therefore, it is best to stay invested for the full five years to reap the maximum benefit.
Why This Scheme Makes Sense
Safe and Government-Backed: No risk of losing your money.
Fixed Returns: You know exactly what you’ll receive.
Disciplined Saving: Encourages you to save systematically every month.
Great for Medium-Term Goals: Build funds for children’s education, marriage, travel, or emergencies.
For anyone looking to secure their future without exposure to market volatility, the Post Office RD Scheme remains one of the best small savings options today.
Disclaimer: Please consult a financial advisor before making any investment. The above is for informational purposes only.
Author Profile
- My name is Kuldeep Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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