Post Office Recurring Deposit Account: Invest Rs 10,000 per month to get Rs 16 lakh on maturity
Zee News
India Post Office offers some of the safest investment schemes providing returns better than fixed deposits or savings accounts.
New Delhi: India Post Office offers some of the safest investment schemes providing returns better than fixed deposits or savings accounts. For instance, the Post Office Recurring Deposit Account offers impressive interest along with the safety and security of returns.
Investors can invest a minimum of Rs 100 in the Post Office Recurring Deposit Account to start saving for their future. Moreover, investors can invest as much they want because there is no upper cap on investments.
The account matures after a fixed term of five years. Investors will then have to withdraw the funds from the account. At present, investors receive a 5.8 per cent interest on their investments in Post Office Recurring Deposit Account.
