00:00GULLAG
00:21We all have used GULLAG a lot in our childhood.
00:25GULLAG was commonly used to collect money.
00:27But as time passed, people stopped using GULLAG.
00:34But now we have brought a scheme for you that works like GULLAG.
00:40Its name is Post Office Recurring Deposit.
00:43With the help of which you can easily prepare funds.
00:47You can use this scheme like GULLAG.
00:51Assume that if you deposit a fixed amount in it every month.
00:57After 5 years of maturity, you will have a lot of money in your hand.
01:02At present, it is getting 6.7% annual interest.
01:07If you deposit Rs. 2000 every month for 5 years,
01:12You can prepare a free fund of Rs. 1,42,000 on it.
01:17So let's tell you about this scheme in detail.
01:27To save money, Post Office's Recurring Deposit or RD can help you a lot.
01:33To do this, you have to deposit a fixed amount every month.
01:41After 5 years of maturity, you will have a lot of money in your hand.
01:45The special thing is that you will not get interest on depositing money in GULLAG.
01:53But here you get a lot of interest on depositing money.
02:01If you invest Rs. 1000 every month in the RD of India Post.
02:07Then this money will be 6.7% annual interest.
02:12After 5 years of maturity, it will be around Rs. 70,989.
02:22In this scheme, there is another facility that you get the facility to take a loan on RD.
02:29Means if you need money in between, you can take a loan on it without breaking RD.
02:36In comparison to personal loan, you get a loan on less interest.
02:41Means if you deposit Rs. 12,000 continuously in the RD of Post Office for 5 years.
02:48Then you can also take advantage of the loan facility.
02:52It means that to take this facility, you have to deposit a fixed amount for at least a year.
02:59After a year, you can take a loan of 50% interest in your account.
03:06Keep in mind that if you take a loan on RD.
03:10The interest on the loan amount will be 2% plus the interest on the RD account will be applicable.
03:16On which now 6.7% interest is getting on RD.
03:21In this case, if you also take interest on RD.
03:24Then you will get a loan on 8.7% annual interest.
03:28The speciality of this scheme is that anyone can open an RD account.
03:35Not only this, you can also open an account in the name of small children.
03:40At the age of 10 or above, you can also operate it yourself.
03:45The best thing is that three people can open a joint account together.
03:50Also, you can open an account in this through any post office.
03:54Bureau Report, Delhi Line.
