How to become Millionaire through Post Office Schemes

Post Office Schemes

When we speak about money making more money, then we only look at financial products such as stock markets, Bank Fixed Deposits, Systematic Investment Plans in Mutual Funds, Provident Fund etc. Post Office Schemes can also be very helpful in making you millionaire.

Normally, People know post office only for Courier, Kisan Vikas Patra or National Savings certificates (NAC), but it is not limited only to these. Investing in the Post Office Schemes through proper financial planning can also make you a millionaire. There are many financial products available in post office, which if used properly can make your financially strong. This includes Public Provident Fund (PPF), Term Deposits, National Savings Certificate (NSC), Recurring Deposits (RD) and Kisan Vikas Patra.

Keep reviewing your investments in Post Office Schemes

Post Office SchemesWhile investing in a post office schemes, we need to keep in mind that some investments get completed in 5 years, some can be there for 15 years. In this situation, If the goal is long term investment then one should invest again after maturity.

Tax exemptions

There are some schemes in post office, on which income tax is totally exempted and you also get good interest on investment. Investment like this includes Public Provident Fund (PPF) and National Savings Certificate (NSC).

Let’s explore various post office schemes and analyze that how much investment will you make you a millionaire and in how much time.


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Recurring Deposits (RD)

  • Current Interest 7.1% Compounding Quarterly
  • Investment of 12 Lakhs will become 1 Crore (10 Million) in about 30 Years.

Sukanya Samridhi Yojana

  • Current Interest 8.1% Compounding Yearly
  • Investment of 12.5 thousands per month will become more than 70 Lakhs in about 15 Years.

Time Deposits

  • Current Interest 7.7% Compounding Quarterly
  • Investment of 10 Lakhs will become 1 Crore (10 Million) in about 30 Years.

National Savings Certificate (NSC)

  • Current Interest 7.8% Compounding Yearly
  • Investment of 10 Lakhs will become 1 Crore (10 Million) in about 30 Years.
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Kisan Vikas Patra (KVP)

  • Current Interest 7.3% Compounding Yearly
  • Investment of 11 Lakhs will become 1 Crore (10 Million) in about 30 Years.

There are many more deposit schemes which are available with post offices. Please visit your nearest post office soon to get the details and start your investment. The above interest rates are for informative purpose only, please verify the details before investing.

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