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Invest ₹100 Monthly, Get ₹14 Lakh! Post Office’s Magic Scheme

By Suraj Sharma

Published on:

Invest ₹100 Monthly, Get ₹14 Lakh!

Post Office Scheme: The Post Office offers several best investment schemes, known for their high returns and security. One such scheme claims to turn a minimal investment of ₹100 per month into a whopping ₹14 lakh fund, making it an attractive option for long-term investors.

Key Schemes to Consider

Recurring Deposit (RD): The Post Office RD allows investors to deposit a fixed amount every month. It is a low-risk investment with assured returns. The current interest rate is around 5.8% per annum, and with consistent monthly contributions and compound interest, the fund can grow significantly over the years.

Public Provident Fund (PPF): With an interest rate of 7.1%, PPF is another excellent option for building a substantial corpus over time. The minimum deposit is ₹500 per year, and it allows tax deductions under Section 80C of the Income Tax Act. It has a maturity period of 15 years, and partial withdrawals are allowed after 5 years.

National Savings Monthly Income Account (MIS): Offering an interest rate of 7.4%, this scheme provides a steady monthly income after a 5-year maturity period. The maximum investment amount is ₹9 lakh for a joint account.

Sukanya Samriddhi Account (SSA): This scheme is specifically designed for the girl child and offers an 8% interest rate with a maximum investment of ₹1.5 lakh per year. It matures after 21 years or when the girl child reaches 18 years for educational purposes.

    Potential Growth Example

    If you start investing ₹100 monthly in a Post Office RD for a long term, say 30 years, with compounding interest, the returns can be quite substantial. Although direct conversion to ₹14 lakh might be overstated, using strategic investment in multiple schemes and reinvesting interest can help build a significant corpus.

    Scheme NameInterest RateMinimum InvestmentMaturityKey Benefit
    Recurring Deposit (RD)5.8%₹1005 yearsLow-risk, regular savings
    Public Provident Fund (PPF)7.1%₹500/year15 yearsTax benefits, long-term growth
    National Savings Monthly Income Account (MIS)7.4%₹10005 yearsMonthly income
    Sukanya Samriddhi Account (SSA)8%₹25021 yearsHigh returns, designed for girl child

    How to Invest

    Interested investors can visit their nearest post office to open these accounts. With minimal paperwork and government backing, these schemes are not only secure but also offer consistent returns.

    Investing small amounts consistently can help in achieving financial goals, such as retirement planning, children’s education, or simply building a sizable fund for the future.

    Suraj Sharma

    SK Sharma is a senior content writer with 5 years of experience, having worked with top media outlets like Network 18 and Dainik Bhaskar. He holds a Post Graduate Diploma in English Journalism and currently writes full-time for Techiesk.

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