Invest ₹2000 Monthly in Post Office Schemes: Check Now How Much You Get in Return

Invest ₹2000 Monthly in Post Office Schemes: Check Now How Much You Get in Return

Post Office Schemes: Among the safest and most stable investment options available to Indians, post office savings schemes rank high. Such schemes are government-backed, come with attractive returns with very low risk, and are an ideal investment for people looking to systematically grow their savings. Let’s see how you can use post office schemes if you have ₹2000 to invest every month to build a substantial amount of money over time.

Why Invest in Post Office Investment Plans in 2024?

1. Guaranteed Returns: All post office schemes are Government of India-backed schemes, ensuring security on investments.

2. Compounding Benefits: Some plans like RD and PPF offer compounded interest benefits, which could lead to high returns over a long period.

3. Tax Benefits: Various post office schemes such as PPF and National Savings Certificate (NSC) can help reduce the tax through deduction under section 80C of the Income Tax Act.

4. Flexibility: You may choose the post office schemes depending upon the goal for which you have planned, investment time frame, or your ability to bear the risk.

Monthly Investment Options: Grow Your ₹2000 Investment

1. Post Office Recurring Deposit (RD)

• Tenure: 5 years
• Rate of Interest: Approximately 5.8% (quarterly compounded)
• Returns: Under an investment of ₹2000 per month into a Post Office RD, you would gain about ₹1,39,000 at maturity after five years.

Why RD? The Post Office RD is a safe investment with average returns and is best suited for those looking for assured returns within a 5-year horizon. With the quarterly compounding effect, your investment grows at a steady pace and accumulates into a significant corpus by the end of the tenure.

Also Read, Monthly Income scheme in Post Office.

2. Public Provident Fund (PPF)

• Tenure: 15 years with an option to extend further in blocks of 5 years.
• Rate of Interest: Approximately 7.1% per annum compounded
• Return: Monthly saving of ₹2000 under PPF will result in a corpus of nearly ₹6.6 lakhs for the period of 15 years.

Why PPF? PPF is a long-term investment that gives significant returns and also happens to be a tax-benefit instrument under Section 80C. The interest earned, too, is tax-free, making it an attractive instrument for wealth building. Eventually, compounding multiplies your savings several times in the long term.

3. Sukanya Samriddhi Scheme (Girl Child)

• Tenure – 21 years or partially withdraw if girl minor attains 18
• Interest Rate – Approximately around 8.0 %. Compounded annually

Corpus Building: If, for example you commit ₹ 2000 month in Sukanya Samriddhi Scheme, it might help accumulate a corpus value of approximately ₹ 8.4 lakh over 21 years.

Why SSY? If you are saving for your girl child’s future, then Sukanya Samriddhi Yojana is perhaps the best scheme in India. One of the highest rates of interest among small savings schemes with the maturity amount completely tax-free.

If you want to Calculate all the schemes with latest interest rates click the link.

How Compounding Multiples Your Wealth

Compounding is a very strong tool in wealth creation. The more you have invested, the more the compounding works for you and the more returns you get. With regular investments in post office schemes, you can see that your corpus grows greatly over time-even with the smallest monthly investment of ₹2000.

Calculation of Total Returns for an Investment of ₹2000 per Month

Investment Tips in Post Office

1. Early Investment: The more time elapsed since your initial investment, the better would be the compounding that eventually leads to a more considerable corpus at maturity.

2. Diversification: Try to spread the amount that you wish to invest monthly across some of these schemes to strike the balance of liquidity, risk, and returns.

3. Automated Investment: Auto invest for every month in such a way that it prevents break in continuity.

4. Tax Benefits: Make use of schemes that offer tax-saving benefits under Section 80C to maximize your returns.

Conclusion

Investing ₹2000 in the post office schemes every month can be a good and smart way to grow your wealth. You can benefit from compounding, tax savings, and guaranteed returns with the right scheme for your goal. Post office schemes can help you get stability, backed by the government. Hence, it is great for risk-averse people looking for a reliable route toward creating wealth.

So, start with a small but regular investment in post office schemes and watch your money grow with time to meet your financial aspirations.