Post Office RD: The government recently announced the interest rates of post office schemes. The government has not made any changes in the interest rates. Here we are telling you about such a post office scheme which is best for employed people
Post Office Scheme: The government recently announced the interest rates of post office schemes. The government has not made any changes in the interest rates. Here we are telling you about such a post office scheme which is best for working people. If you do not have money to invest all at once, then you can save money from your salary every month and invest in the post office scheme. You can invest a fixed amount every month in Post Office Recurring Deposit. 6.7 percent annual interest is being given on Post Office RD.
Invest in RD in post office
By investing Rs 7,000 every month in RD, you will invest a total of Rs 4,20,000 in 5 years. You will get interest of Rs 79,564 after 5 years and Rs 4,99,564 on maturity.
Benefits of Post Office Saving Scheme
TDS is deducted on the interest received on RD. TDS of 10% is applicable on the interest rates received on RD. If the interest on RD for one month is more than Rs 10,000 then TDS will be deducted. The Finance Ministry of the Central Government reviews the interest received on small savings schemes every three months.
