Post Office's best saving plan, will make you a millionaire like this

Child Saving Scheme: In today's era, when young couples think of becoming parents, they also start financial planning related to the child coming along with it.

Post Office Child Saving Schemes: If you want to improve the future of your children, then you should invest in the Child Saving Scheme of the Post Office. In today's era, when young couples think of becoming parents, they also start financial planning related to the child coming along with it. Now if you are also planning your baby or have recently become a parent, then just invest Rs 260 per day in this scheme for your New Born Baby , then your child will become a millionaire at the age of 20. Will have paid

The best option for small savings is Post Office Saving Schemes. There are more than 1.5 lakh post offices across the country. This means that you will get this great saving option for children near your home. RD is one of the saving schemes of the post office. In this, you have to deposit a fixed amount every month.

As a parent, you can open this RD in the name of your child by becoming a guardian and can take advantage of this scheme. According to the current rules, an annual interest of 5.8% is available on Post Office RD. This is more than the interest of a normal savings account. At the same time, this interest gets added to your amount on compounding basis every quarter.

Will have to invest so much everyday

If you open this RD account in the name of your New Born Baby, then at the rate of Rs 260 per day, you will have to invest only Rs 7800 in a month. In this way, during a period of 20 years, you will deposit an amount of Rs 18 lakh 72 thousand in this account and when your child will be 20 years old, he will have become a millionaire. At the same time, a considerable amount of interest will also be added to it and you will get it with maturity. In this way a substantial amount will be accumulated in the name of your child.

Loan facility is also available

If you suddenly need the money deposited in this RD, then you also get the facility of pre-maturity after 3 years. In such a situation, this amount can be useful at the time of school admission of the child. At the same time, after running this scheme continuously for one year, you can also take a loan instead.