If you want good return on maturity of your investment then Post Office RD Scheme can be a good option.
If you have the right information about the Post Office RD Scheme, then you can earn good profits, along with, you can get rid of financial difficulties.
By depositing 10 thousand rupees under Post Office RD Yojana, you can get up to 16 lakh rupees.
In recent times, an interest of 5.8% is being given on Post Office RD Yojana.
This interest rate is applicable from April 1, 2020, the government sets the interest rate of all small savings schemes every 3 months.
The biggest feature of RD account is that it can be started with just Rs 100.
A minimum deposit of Rs 1,000 has to be made for the FD of the post office, while the RD scheme of the post office can be started with just Rs 100.
In RD, it is to be kept in mind that during the period in which the money is to be deposited, the amount should continue to be deposited.
If the money for 4 consecutive installments is not deposited, then the account will be closed, then the amount of penalty for starting it will be up to 1% every month.