Post Office RD: Small Daily Savings of Rs 222 Can Grow to Rs 4.5 Lakh

Saving Rs 222 daily in the Post Office RD scheme can grow to Rs 4.5 lakh in 5 years. This government-backed scheme offers a secure savings opportunity for small investors.

Post Office RD Scheme

Ever thought small daily savings could turn into big bucks? The Post Office Recurring Deposit (RD) scheme is a perfect example. Save Rs 222 daily and build a secure fund of lakhs in 5 years. A great choice for safe, government-backed investments.

Savings Schemes

Post Office RD is a reliable scheme for small investors. You deposit a fixed sum monthly, earning a steady interest rate with the power of compounding. The term is 5 years, extendable if needed.

Daily Savings of Rs 222

Saving Rs 222 daily adds up to Rs 6,660 monthly. Over 60 months (5 years), that's Rs 3,99,600. At the current 6.7% interest, you'll have around Rs 4.5 lakh after 5 years. Extend it, and it could reach Rs 11 lakh in 10 years. A great way to turn small savings into a substantial fund.

Government Security

Start this scheme with just Rs 100. Nominee and joint account facilities are available. Borrow up to 50% of your investment after 1 year. A 1% penalty applies for missed payments. Fully government-backed, it's a risk-free investment.

Post Office Schemes

Open an RD account at your nearest post office or online. Choose a fixed amount and deposit it regularly every month. After 5 years, you'll have a secure fund to help achieve your dreams.