Post Office Special Scheme: How To Earn ₹17 Lakh By Investing ₹333 Daily

Saving a part of one’s income and investing it wisely is key to financial security . Many people today are turning to government-backed schemes for their low-risk and reliable returns. Among these, the Post Office Recurring Deposit Scheme (RD) stands out as a popular choice. By depositing just ₹333 daily, you can accumulate over ₹17 lakh in 10 years under this scheme, making it a great option for risk-free, consistent savings.

A Safe and Risk-Free Investment Option

The Post Office RD scheme , like all other Post Office savings schemes, is entirely risk-free, as the government guarantees the security of the investments. This makes it an excellent option for those seeking a stable, low-risk savings plan . However, one must remember to deposit the monthly installments on time. If you miss an installment, a penalty of 1% per month will apply. Missing four consecutive payments will result in the automatic closure of the account. The initial maturity period for this scheme is 5 years.

Open Your Account with Just ₹100

To start investing in this small savings RD scheme, you can open an account with a minimum monthly deposit of ₹100. The scheme allows both single and joint accounts. Currently, the scheme offers a 6.8% compound interest, making it highly attractive for those looking to grow their savings securely while earning competitive returns.

The Calculation: How to Raise ₹17 Lakh by Depositing ₹333 Daily

Here’s how you can accumulate more than ₹17 lakh by contributing just ₹333 daily:

• Daily investment: ₹333
• Monthly contribution: ₹10,000
• Annual savings: ₹1.20 lakh
• Total savings over 5 years: ₹5,99,400
• Interest at 6.8% over 5 years: ₹1,15,427
• Total amount after 5 years: ₹7,14,827

If you extend your investment for another 5 years (totaling 10 years), your accumulated amount will further grow. After 10 years:

• Total principal deposited: ₹12,00,000
• Interest earned: ₹5,08,546
• Total amount after 10 years: ₹17,08,546

Long-Term Benefits of the Post Office RD Scheme

This calculation shows that the Post Office Recurring Deposit scheme is a great way to save for the future with regular, small investments. If you maintain your daily contributions and extend your investment period to 10 years, you can accumulate more than ₹17 lakh.

In conclusion, the Post Office RD scheme offers a reliable, low-risk, and effective way to build a substantial fund for future financial needs, ensuring safety along with steady returns.