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Post Office Scheme | Invest ten thousand and get 16 lakh rupees, see-details

By Lokmat English Desk | Updated: June 5, 2022 20:06 IST

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Investing in Post Office schemes is regarded as the most dependable and secure option to retain one's money.
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Several of India Post's savings programmes are among the most popular risk-free savings options in the country.
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Investing in solid schemes with set and good rates of interest remains one of the top objectives for the average middle-class Indian.
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If you invest Rs 10,000 every month at the present interest rate of 5.8 percent, your money will compound to about Rs 16 lakh in 10 years
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Because compound interest is calculated every quarter, it is quite successful in assisting investors in generating earnings on a regular basis.
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This strategy ensures that both your money and the interest you earn over time are safe and secure.
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It should also be highlighted that the potential risk is low while still giving high profits.
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If you want to invest in something that will yield significant returns by investing little amounts of money on a monthly basis, starting a Post Office Recurring Deposit Account is a good place to start.
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