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This Post Office Scheme Will Turn ₹100 into ₹14 Lakhs! Learn How to Secure Your Retirement

By Rocky Singh

Published on:

Post Office Scheme

Post Office Scheme: Are you looking for a secure and profitable investment option for your retirement? The Post Office’s small savings schemes are a great way to ensure a steady income and a safe future.

Among these, a particular scheme stands out, allowing you to invest just ₹100 and accumulate a massive ₹14 lakh fund over time.

Why Choose Post Office Investment Schemes?

Safety and Reliability: Post Office schemes are backed by the Government of India, making them one of the safest investment options.

Guaranteed Returns: The returns are guaranteed, making it an attractive option for risk-averse investors.

Tax Benefits: Certain Post Office schemes offer tax deductions under Section 80C of the Income Tax Act.

    Key Features of the Scheme

    FeatureDetails
    Minimum Investment₹100
    Maximum InvestmentUp to ₹4.5 lakh for individuals, ₹9 lakh for joint
    Interest Rate6.6% per annum, payable monthly
    Maturity Period5 years
    EligibilityIndian citizens
    Nomination FacilityAvailable
    Tax BenefitsUnder Section 80C for select schemes
    Premature WithdrawalAllowed with a penalty

    How Does It Work?

    If you invest ₹100 monthly in this scheme, the amount will grow steadily over time with the power of compound interest. By the end of the maturity period, you can expect a sizable return, which can help you build a corpus of ₹14 lakhs.

    Benefits of This Scheme

    • Regular Monthly Income: Ideal for retired individuals looking for a steady income.
    • Loan Facility: Up to 90% of the deposit can be availed as a loan.
    • Premature Withdrawal: Flexibility to withdraw funds before maturity with a minimal penalty.

    Rocky Singh

    Rocky Singh is a writer known for his in-depth research and analysis across various topics. With a Bachelor's degree in Journalism and Mass Communication, he writes on diverse subjects such as Technology, Gadgets, Auto, and Finance.

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