Bank RD Scheme: If you get interest only at the rate of 6% on doing RD in the bank, you can easily earn huge profits, but to become a millionaire, you will have to invest a little more money every year. Understand here how you can become a millionaire.
Bank RD Scheme: Nowadays many people believe in investing. For this, many types of resources are kept in search, where investments can be made safely and without risk. Anyone can become a millionaire overnight by investing money in the stock market, but RD schemes of post office or banks can also benefit you in crores.
For this it is necessary that you have to invest in RD under a rule. Today, we will know here how you can travel the journey of becoming a millionaire by using the bank’s RD scheme properly…
Will have to increase by 10 percent,
for this you will have to get RD of Rs 3,000 a month for 30 years in the bank or post office. In this RD, you will have to increase 10% annually. By doing this, you can easily create a fund of more than Rs 1 crore for yourself in 30 years.
This is how Mota Fund will be prepared
10% increase in RD ie after making RD of Rs 3000 in the first year, increase the investment of Rs 3000 in it next year. In this way you will have to invest Rs.3300 per month. The amount once started in RD cannot be changed. In this way, keep opening a new RD of increasing amount by 10% annually. By doing this, in 30 years, you will have a fat fund of Rs 1.10 crore.
If you increase your investment by 10% every year, then in 30 years your investment will be around Rs 60 lakh, which will be more than Rs 1 crore including interest. If you also want to add substantial money till your retirement, then you can invest in the bank’s RD scheme in this way.
