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Post Office Scheme: Invest Rs 1000 under this scheme and get Rs 72,500; know how

Speed News Desk | Updated on: 28 December 2019, 12:58 IST

If you want to save your money then Post Office has come up with an exciting scheme that would not only save your money but also give you good interest in comparison to a bank. To open this scheme, a customer needs to deposit only Rs 1000. Post Office will return you Rs 72,505.


Know more details about Post Office scheme:


If you open your account, then you will get the interest at the rate of 7.3 percent. Post Office will give you Rs 72,000 or more, if you deposit 33 rupees a day or Rs 1000 every month.

Know how to open an account:

Customers can open their account in any branch of the country. If required, then the customer can open more than one account. The account can also be run by two people.

 

Invest only Rs 33 each day:

This is the post office’s recurring scheme. In this, one can deposit Rs 33 every day or Rs 1000 in a month. If you add 7.3 interest to your deposit then in 5 years your amount will be Rs 72,505. During this period, your principal amount will be around Rs 60,000.

In this scheme of a post office, you have to deposit money on the fixed date. The money can be deposited in between 1 to 15. If you have opened an account on 1st date of the month, then you can deposit money till the 15th of the month. While 16th is the last chance to deposit the money in an open account.

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First published: 28 December 2019, 12:08 IST