Post Office scheme: Invest Rs 333 per day and get Rs 16 lakh on maturity, know details!


Post Office has become a popular option for the salaried middle class in India, who want to invest their money in safe options that give good returns. This post office offers a variety of schemes including a Recurring Deposit Account, which is an excellent alternative to bank FDs and RDs because of the high returns.

Opening a post office RD account is easy and is available to any adult or child above the age of 10 years. The minimum monthly deposit amount is Rs 100, and depositors can increase their contribution in multiples of Rs 10 each month. Post office RD offers a 5.8 percent interest rate. The government fixes the interest rates of its small savings schemes every quarter.


It needs to mature in five years or 60 months from the date of account opening, whichever is earlier. Depositors can also withdraw up to 50 percent of their deposits after one year of account opening. Additionally, after one year of account opening, depositors can avail of a loan of up to 50 percent of the deposit amount.

One of the important benefits of investing in Post Office RD is the protection of both the principal amount and the interest generated over time. The risk involved is relatively negligible, which makes it an attractive option for those looking to invest small amounts on a regular basis.


By investing Rs 10,000 every month or about Rs 333 a day at the current interest rate of 5.8 percent, investors can earn a return of around Rs 16 lakh after ten years. The total deposit amount for ten years would be Rs 12 lakhs, and the expected return would be around Rs 4.26 lakhs, resulting in a total return of Rs 16.26 lakhs. Compound interest is calculated every quarter, providing investors with consistent income.