Post Offices Scheme: Now you can Invest and get 13.6% High Interest ?

When we invest money in Post Offices Scheme or bank, we have only one objective to get more return in the scheme we are investing in as compared to other Post Offices Scheme. In today’s post, I will tell you about such a great scheme to invest in post office, by investing here you can get an additional return of 1 lakh rupees and you will get 13.6% interest from this scheme.

Every one of you must have heard about post office MIS scheme and RD scheme. In today’s post you will get to know that by investing money only in post office MIS scheme and without investing any money in RD scheme, you can get the benefits of these two schemes and get an additional return of 1 lakh rupees.

Post Offices Scheme Latest Update

Guys you must have an MIS account with Post Offices Scheme to avail these awesome post office tricks. And you must have an RD account along with it. In this case you have to invest only in MIS scheme, but you don’t have to invest in RD scheme.

Read More – EPFO New Rules: PF Account Holders must Follow the Rules ?

How to get Benefit if you Invest in Post Office ?

Current interest rate on Post Office MIS Scheme is 7.4%. In this scheme you can invest a minimum of 1000 rupees and a maximum of 15 lakh rupees. The money you invest in the MIS scheme will earn you a fixed return every month at an interest rate of 7.4%. The money returned from the MIS scheme is credited to your post office savings account. Currently, the interest rate on Post Office Savings Account is only 4%.

if you open an account for RD scheme (Post Offices Scheme) after opening MIS scheme account in post office and if you transfer the monthly return amount from MIS scheme to your RD scheme every month then you will get interest rate of 6.00 as per current RD scheme interest rate of post office without any investment in RD scheme. Get extra return at 2% rate.

You can avail the benefit of RD scheme along with MIS scheme as post office MIS scheme has maturity period of 5 years and RD scheme also has maturity period of 5 years. Also from MIS scheme you get fixed amount of money return every month and if you invest that money in post office RD scheme then you can get benefits of both these schemes.

How can Get Additional 1 lakh Pupees Return ?

If you invest Rs 1 lakh in post office MIS scheme then you will get interest of Rs 617 per month. After maturity of MIS scheme you will get total interest of Rs.37,000 in 5 years. But if you invest Rs 617 per month from MIS scheme in RD scheme then you will get total interest of Rs 43,600 after 5 years from MIS and RD scheme (Post Offices Scheme).

In this case your total benefit will be (43,600-37,000) Taka = 6,600 Taka. That is, if you had invested only in MIS scheme, you would have received a total interest of Rs. 37,000 but if you had invested money in MIS scheme and RD scheme together, you would have received a total interest of Rs. 6,600 more. That is, if you invest 1 lakh rupees in post office MIS scheme and RD scheme together, then you will get a total return of 1 lakh 43 thousand 600 rupees including interest.

How will get if you invest 9 lakh rupees ?

If you invest Rs 9 lakh in post office MIS scheme, you will get interest of Rs 5,550 per month. After maturity of MIS scheme you will get total interest of Rs 3,33,000 in 5 years. But if you invest Rs 5,550 per month from MIS scheme in RD scheme then you will get total interest of Rs 3,90,900 after 5 years from MIS and RD scheme. In this case your total benefit will be (3,33,000-3,90,900) = 57,900 rupees.

That is, if you had invested only in Post Offices Scheme MIS scheme then you would have got a total interest of Rs.3,33,000 but if you had invested money in MIS scheme and RD scheme together then you would have got a total interest of Rs.57,900 more. That is, if you invest 9 lakh rupees together in post office MIS scheme and RD scheme then you will get a total return of 12 lakh 90 thousand 900 rupees including interest.

Investing 15 Lakh Rupees Benefit ?

If you invest Rs 15 lakh in post office MIS scheme, you will get interest of Rs 9,250 per month. After maturity of MIS scheme you will get total interest of Rs 5,55,000 in 5 years. But if you invest Rs 9,250 per month from MIS scheme in RD scheme then you will get total interest of Rs 6,51,500 after 5 years from MIS and RD scheme.

In this case your total benefit will be (5,55,000-6,51,500) rupees = 96,500 rupees which is about 1 lakh rupees. That is, if you had invested (Post Offices Scheme) only in the MIS scheme, you would have received a total interest of Rs. 5,55,000 but if you had invested in the MIS scheme and the RD scheme together, then you would have received a total interest of Rs. 96,500, which is about Rs. 1 lakh more. That is, if you invest 15 lakh rupees in post office (Post Offices Scheme) MIS scheme and RD scheme together, then you will get a total return of 21 lakh 51 thousand 500 rupees including interest.

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Double Rupees in 5 years Investment ?

Many of you may be thinking that post office MIS scheme has 7.4% interest rate and RD scheme has 6.2% interest rate in this case the total interest rate is 13.6%. That is, you might think that if you invest in post office (Post Offices Scheme) MIS scheme and RD scheme together, you will get a total interest of 13.6%.

According to Rule of 72, at 13.6% (Post Offices Scheme) interest rate, your rupees will double in (72÷13.6) = 5.3 years (about 5 years). But in this case, as you are not getting the entire interest together, the concept of Rule of 72 is not applicable in this case. That is, in this case your rupees will not double in 5 years.

Conclusion

Today in this Post Offices Scheme post we discussed about MIS scheme and RD scheme of post office. You can get from this post Post Offices new Scheme Latest Update, Benefit if you Invest in Post Office, How can you Get an Additional 1 lakh Pupees Return?, How many rupees will you get if you invest 9 lakh rupees?, Benefit from Investing 15 Lakh Rupees?, How to get Double Rupees in 5 years Investment? Learned about etc. If you want to know anything else, you can check the information from the official website.

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