Deposit 5 thousand in this scheme and get 8 lakh rupees to the beneficiary directly in their bank account, why apply, document, how to get money, know all details | Post Office RD Scheme 2023 in Gujarati | RD Scheme Post Office | Post Office Yojana
Hello dear readers, There is a very good news coming for the people investing in Post Office. Yes, you can double your money by availing benefits under Post Office ‘s RD Scheme (Recurring Deposit ).
This scheme is very useful for all those people who invest their money anywhere and get more profit. So let’s get more detailed information about this scheme.
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Post Office RD Scheme 2023
| Name of the scheme | Post Office RD Scheme 2023 |
| assistance | 8 lakh rupees after 10 years |
| State | All states of the country |
| objective | Good interest return of people’s money |
| Beneficiary | Persons of all ages |
| Type of application | Offline |
| contact | Nearest Post Office |
This scheme is very useful for people who invest in post office in Gujarat state, in which the return is more by depositing very less money. The time period of money is also less.
Post office also gives money back guarantee of your money along with more returns from keeping money in RD scheme of post office. In which you can invest from 100 rupees to 5000 rupees.
Invest from Rs 100 to Rs 5000
People can deposit 5,000 rupees under Post Office’s RD scheme. In which you are given a good interest of 5.8%. In which if you deposit 5,000 rupees every month for 5 years, you get 3 lakh 48 thousand rupees in the 5th year .
In this compensation, the beneficiary gets 3 lakh rupees and after 5 years you will also be given a compensation of 16% . In which according to the rules of the post office you can extend your money for more than 5 years. You can go to the nearest post office to get more information.
Deposit money in multiples of 10
In post office recurring scheme, the beneficiary has to deposit the money in multiples of 10. If you do not pay the money in multiples of 10 every month, then you have to pay late fee every month.
How to get 8 lakh rupees in RD scheme
In this scheme money is to be withheld for 5 years in which if you want to withhold money for a longer period then you can keep your RD scheme for 10 years. After the period of 10 years the beneficiary will be given 8 lakh 13 rupees. In the amount you get, 6 lakh rupees will be your principal amount and interest will be given on it.
Tax on Post Office RD Scheme
TDS is deducted on investments in Post Office Recurring Deposit Scheme , where the tax is deducted at the rate of 10% per annum if the deposit is more than Rs 40,000 . Interest on RD Scheme is also taxable, but the entire maturity amount is not. Investors who do not have taxable income can get discount on TDS by filling Form 15 like FD .
What to keep in mind in RD scheme?
Under this scheme, the beneficiary has to keep depositing money regularly. In which if you do not deposit regular installments, you will have to pay a penalty of 1% every month. Moreover, if you do not pay 4 consecutive installments , your RD scheme account will be closed . .
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“FAQ”Post Office RD Scheme 2023
Who can get benefit in Post Office RD Scheme?
People of all ages can benefit from this scheme.
Minimum amount of rupees to be invested in post office RD scheme?
In post office RD scheme, the benefits of the scheme can be availed from as little as 100 rupees.
What is the other name of Post Office RD Scheme?
Post Monthly Income Plan
What is the RD Scheme “Post Office Interest Rate”?
Beneficiaries under this scheme are given 5.8% interest on their money.
How much was the post office rd interest rate in 2020?
In the year 2020 post office rd interest was like 5.6%.
How much money does the beneficiary get back after 5 years under Post Office RD Scheme?
After 5 years, the beneficiary gets 3 lakh 48 thousand rupees back.