The Indian Post Office is offering a Recurring Deposit scheme. There is presently no upper limit on the monthly investment sum. Unlike other options like SIPs, it is risk free gives out steady returns and provides peace of mind to depositors. One safe way to increase your savings over time is through the Post Office Recurring Deposit Scheme. You can gradually build up a considerable sum by investing in this plan. In fact, this plan might produce higher returns than a fixed deposit if you invest wisely. Everything you need to know about earning Rs 12 lakh through post office schemes will be covered in this article, inclusive of the application process, plans, eligibility, and more.
Post Office Launches New Scheme, Easy Rs 12 Lakh Earnings
The Post Office Recurring Deposit (RD) Scheme is a great way for people to save money if they want to build wealth over time with little risk. For risk-taking investors, this plan is the best option because it may yield higher returns than a fixed deposit. It reassures the disciplined saving via fixed installments every month. The minimum deposit for an RD Account is Rs.10 every month. The tenure period is 5 years. You can get a striking interest rate of about 6.7% p.a. compounded every quarter. However, the loan facility is available after one year on deposits.
The RD Account in Post Office 2025 offers various benefits. The account can be opened by cheque or cash and in cheque case they have to deposit it on the date of presentation. The nomination facility is obtainable at opening time and even after account opening. Also, you have a choice to transfer the account from 1 post office to another. You can open any digit of accounts in any Indian post office. Also, two adults can open a joint account. A minor of ten years can also open an RD account and control it. Everyone should keep in mind that if the following deposit is not made then a default fee will be charged, about 5 paise for each 5 rupees.
Post Office New Scheme Launched- Overview
| Article On | Post Office Launches New Scheme, Easy Rs 12 Lakh Earnings |
| Department | India Post |
| Year | 2025 |
| Country | India |
| Beneficiary | Individuals having Indian citizenship |
| Interest Rate | 6.7% |
| Minimum RD Amount 2025 | Rs.10 each month |
| Category | Finance |
| Official Website | indiapost.gov.in |
Eligibility for Post Office RD Account
The beneficiary planning to open a Post Office Recurring Deposit Account has to follow certain criteria. Check the complete Post Office RD Account Eligibility below:
- An account can be opened by an Indian citizen with valid citizenship.
- Mutual accounts can be opened with at least 2 adults.
- With the help of parental supervision, any minor aged below 10 years can open an account.
Interest Rate and Term
The plan includes a five-year term and a 6.7% interest rate. Every 3 months, interest is credited, guaranteeing steady returns on your investment.
How Much Can You Save?
- You can save about Rs.5 lakh in five years if you fund Rs.7,000 a month.
- The entire sum will increase to Rs 12 lakh if the investment is extended for ten years.
- Complete investment of Rs 8.4 lakh over 10 years, you will earn around the interest of Rs. 3,55,982, with an entire savings of Rs 12 lakh.
How to Open an RD Account in the Post Office?
The person planning to open a Recurring deposit account in a post office can follow the steps mentioned below:
- Visit the closest post office. After that obtain the Recurring Deposit application form.
- Now, type in all the necessary information and upload address and identification proofs like PAN, Aadhar, etc.
- After doing that successfully, make an initial payment of at least Rs.10.
- Apply and get your passbook.
- To grow your savings, start making regular payments every month.
How Post Office RD Can Help You Earn ₹12 Lakh?
The investment plan and anticipated returns:
- A monthly investment of ₹7,000 can result in a five-year savings of almost ₹5 lakh.
- Ten years of investment extension will increase your total savings to ₹12 lakh.
- A ten-year investment of ₹8.4 lakh will yield an interest income of about ₹3,55,982.
Interest Rates and Growth:
- As of right now, the Post Office RD scheme’s annual compound interest rate is 6.7%.
- A consistent return on investment is guaranteed since interest is credited every 3 months.
Investing with Flexibility:
- You can begin investing with just ₹10 a month.
- Because there is no limit on the monthly deposit amount, you can invest on the basis of your financial goals.
Investing Without Risk:
- In contrast to SIPs or mutual funds, this plan provides assured returns free from market risk.
- It is a secure choice for investors because India Post and the Indian government support it.
Extended Tenure to Increase Savings:
- Although the term is normally five years, it can be extended for an additional five years, which will enable you to gradually build up a larger amount.
- By extending the plan, you can optimize your savings and reach your long-term financial objectives.
Facility Nominee:
- When you open the account, you can designate a nominee.
- The nominee can easily access the savings in the sad event of the account holder’s passing.
Crucial Things to Think About Before Investing:
- Before investing, carefully read all terms and conditions.
- Avoid fake schemes and make sure that only approved post office branches are used for transactions.
- Keep yourself informed by visiting the official website as interest rates are subject to change.
| Official Website | Click Here |
| Homepage | BSEBInter.org |