Saving money is one of the best financial habits you can develop, and investing smartly ensures your savings grow over time. If you can set aside just ₹100 per day, you can accumulate over ₹2.14 lakh in 5 years by investing in the Post Office Recurring Deposit (RD) scheme. This government-backed savings plan offers a fixed interest rate, low risk, and guaranteed returns, making it an excellent choice for both beginners and experienced investors.
Post Office Scheme
| Feature | Details |
|---|---|
| Investment Required | ₹100 daily (₹3,000 monthly) |
| Scheme | Post Office Recurring Deposit (RD) |
| Tenure | 5 years (60 months) |
| Interest Rate | 6.7% per annum (compounded quarterly) |
| Total Investment | ₹1,80,000 |
| Total Returns (Maturity Amount) | ₹2,14,097 |
| Interest Earned | ₹34,097 |
| Safety | 100% secure (Government-backed) |
| Official Link | India Post Office RD |
Saving ₹100 daily and investing it in the Post Office RD scheme can help you accumulate ₹2.14 lakh in just 5 years with zero risk. This safe, guaranteed return investment is perfect for individuals who want to build long-term wealth without market risks. Start today by opening a Post Office RD account and make your money grow!
What is the Post Office Recurring Deposit (RD) Scheme?
The Post Office RD scheme is a savings plan where investors can deposit a fixed amount every month and earn interest on a quarterly compounding basis. After the maturity period of 5 years, you receive a lump sum amount that includes your principal plus interest earned.
Why Choose Post Office RD?
- Government-backed security: Zero risk of losing your money.
- Guaranteed returns: Fixed interest rate of 6.7% per annum.
- Flexible investment: Start with just ₹100 per month.
- Loan facility available: Borrow up to 50% of your balance after 12 months.
- No market risk: Unlike stocks and mutual funds, the returns are stable.
see also: SBI Scheme Offering 8% Return Everything You Need to Know
How to Invest ₹100 Daily in Post Office RD?
Step 1: Open an RD Account
Visit your nearest Post Office or apply online through the India Post website. Submit the following documents:
- Identity proof (Aadhaar card, PAN card, Passport, etc.)
- Address proof
- Passport-sized photos
- Initial deposit amount (minimum ₹100)
Step 2: Choose Your Monthly Investment
Since you want to save ₹100 daily, it means you need to deposit ₹3,000 every month in your RD account.
Step 3: Maintain Regular Deposits
Ensure that you deposit ₹3,000 before the 15th of every month to avoid late fees.
Step 4: Track Your Investment
You can check your RD balance via the India Post online portal or by visiting your Post Office branch.
Step 5: Withdraw Maturity Amount
After 5 years, you will receive ₹2,14,097, which includes both your investment and interest earned.
Post Office की इन 5 स्कीम्स से हर महीने कमाएं ₹50,000 तक, जानिए कैसे बिना रिस्क के बनाएं मजबूत पैसिव इनकम
see also: Will Your CIBIL Score Get Affected If You Have More Than One Bank Account?
Post Office RD: Returns Breakdown
Let’s analyze how your investment grows over 5 years:
| Year | Total Deposits (₹) | Interest Earned (₹) | Balance (₹) |
|---|---|---|---|
| 1 | 36,000 | 1,212 | 37,212 |
| 2 | 72,000 | 5,136 | 77,136 |
| 3 | 1,08,000 | 11,244 | 1,19,244 |
| 4 | 1,44,000 | 19,682 | 1,63,682 |
| 5 | 1,80,000 | 34,097 | 2,14,097 |
FAQs on Post Office RD Scheme
1. Can I invest more than ₹100 daily?
Yes! The minimum investment is ₹100, but you can invest any amount in multiples of ₹10.
2. Is Post Office RD better than Fixed Deposits (FDs)?
Both options are safe, but RD allows smaller monthly deposits while FD requires a one-time lump sum investment.
3. What happens if I miss a monthly deposit?
A small penalty of ₹1 per ₹100 will be charged for missed payments. However, your RD will continue.
4. Can I withdraw money before 5 years?
Yes, but you will receive lower interest. Withdrawals are allowed after 3 years, but only 50% of your deposit.
5. Is the Post Office RD interest rate fixed?
Yes, the current interest rate is 6.7% per annum, but it may change based on government policies.
6. How is Post Office RD taxed?
The interest earned is taxable, but if your income is below ₹10 lakh per year, you can avoid TDS deductions by submitting Form 15G/15H.
