Post Office: These 4 schemes of post office can make millionaires

Small Post Office Savings – Investing in the post office from the beginning has been a great option for people. The risk of investing in post office is less and money is also safe. There are many schemes of investment in post office, by investing in which you can become a millionaire. We are telling you the investment scheme ranging from 5 years to 15 years, by investing in which you can become the owner of crores of rupees. These four schemes in this scheme are Time Deposit (TD) Scheme, National Savings Certificate (NSC), Recurring Deposit (RD), and Public Provident Fund (PPF).

Time Deposit (TD) – Small Post Office Savings
In the time deposit scheme, you get money after 5 years. The scheme provides an annual interest rate of 6.7 percent. If you invest 1.5 lakh rupees by 30 then you can become the owner of crores of rupees.

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National Savings Certificate (NSC)
NSC can be exempted under Section 80C of Income Tax on depositing Rs 1.5 lakh for a year in the National Savings Certificate Scheme. In this scheme you get money after 5 years. The annual interest rate in this scheme is 6.8 percent.

Recurring Deposit (RD) – Small Post Office Savings
There is no limit in Recurring Deposit Scheme, you can invest as much as you want. You can invest in this scheme for as many years as you want. The scheme has an annual compounding interest of 5.8 percent. If you invest 1.5 lakh rupees by 27, then your total money will be 40,50,000 rupees. In this, due to your compounding interest, your total money will be 99 lakh rupees.

Public Provident Fund (PPF)
A maximum of Rs 12,500 a month and Rs 1.5 lakh can be deposited in a public provident fund. In this scheme you have to invest for 15 years. The scheme provides an annual interest of 7.1 percent. If you invest 1.5 lakh rupees by 25, then your total money will be Rs 37,50,000. In this, due to your compounding interest, your total money will be Rs 1.03 crore. Small Post Office Savings

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