Post Office Scheme: Invest Rs 500 Monthly To Earn Rs 4,12,321 At Maturity - Details Inside

Investing is essential for financial growth , and it's a myth that you need to invest large amounts to see significant returns . Even starting with a small amount, like Rs 500, can lead to substantial benefits over time. By consistently investing according to your income and gradually increasing your contributions, you can build a solid financial foundation. Let's explore some of the Indian Post Office schemes where you can start with less than Rs 500 and see impressive returns.

Public Provident Fund (PPF)

The Public Provident Fund (PPF) is a long-term investment option that allows you to contribute between Rs 500 and Rs 1.5 lakh annually for a 15-year term. You can extend the account in 5-year blocks after maturity . By investing Rs 500 monthly , you'll deposit Rs 6,000 annually. With the current interest rate of 7.1%, your investment could grow to Rs 1,62,728 in 15 years. If you extend the investment to 20 years, it could reach Rs 2,66,332, and after 25 years, it could grow to Rs 4,12,321.

Sukanya Samriddhi Yojana (SSY)

For those with a daughter, the Sukanya Samriddhi Yojana (SSY) is an excellent investment choice. This scheme allows a minimum annual deposit of Rs 250 and a maximum of Rs 1.5 lakh. With an 8.2% interest rate, this scheme requires a 15-year investment, maturing after 21 years. By investing Rs 500 monthly, you will contribute Rs 90,000 over 15 years. At maturity, you will receive Rs 2,77,103, taking advantage of the 8.2% interest rate.

Recurring Deposit (RD)

The Post Office Recurring Deposit (RD) Scheme is ideal for those looking to save a fixed amount monthly, similar to a piggy bank. This scheme is perfect for small investors aiming to build a corpus for future needs, with a starting investment as low as Rs 100. Once you begin, you need to invest continuously for 5 years. The current interest rate is 6.7%. By investing Rs 500 each month, you’ll contribute Rs 30,000 over five years, and you will receive Rs 35,681, earning Rs 5,681 in interest.

These Post Office schemes demonstrate that even small investments can yield significant returns over time, making them ideal for investors with varying financial capacities.