Exciting news! Invest just Rs 133 in Post Office and get Rs 2,83,968 with their new plan.

Post Office RD: Post Office offers guaranteed returns with higher interest rates in this scheme

Post office schemes are highly favored by the country’s middle class. It offers guaranteed returns and a safe investment option. With various schemes available, investing a small amount every month can yield significant returns over the years. One such great scheme is the Recurring Deposit (RD), which allows you to start investing with just Rs.100.

Recently the central government increased the interest rate on Recurring Deposits (RD) from 6.2 percent to 6.5 percent. The amount you secure for Recurring Deposit (RD) at the start of the investment remains unchanged till maturity. Let’s find out what kind of returns you can get on investing in Recurring Deposit (RD).

Investment and Returns

• If you invest Rs 2000 per month for Recurring Deposit then you will get Rs 1,41,983 at maturity.
• If you invest Rs 4000 per month for recurring deposit, you will get Rs 2,83,968 at maturity.

About India Post

India Post is a government-run postal system in India, part of the Department of Posts under the Ministry of Communications. Commonly known as Post Office, it is the most comprehensive postal system in the world. Warren Hastings initiated the postal service in the country in 1766 under the East India Company. In 1854, Lord Dalhousie changed it to a service under the Crown.

In 2013, it was reported that the Indian Postal Service had made plans to enter the banking industry following the release of RBI guidelines for new banking licences. It plans to open independent banking services Post Bank of India.