The FD scheme of the post office is very special. Government guarantee is available in this scheme and this scheme can prove to be very beneficial for you.
Investing in post office is a saving and profitable option. The facility of many schemes is provided by the post office, in which there is a strong advantage. One of such schemes is the “Post Office Fixed Deposit Scheme”. It is one of the safe and profitable scheme. Investors get great profits from this scheme, which is guaranteed by the government itself. Many facilities are available in this FD scheme. It is also very easy to apply for this.
If you are planning to invest in post office, then “Post Office FD Scheme” can be a good option for you. You get a very good rate of interest in this scheme. Investment can start with an investment of just Rs.1000. You can invest through online, check and cash. Investors can also create joint accounts. Equally, investors are eligible to have more than 1 FD of their choice. Under this scheme, it is very easy to transfer FD from post office to another post office.
Tax exemption facility is also available on completion of 5 years period. Please tell that there is no limit on the maximum amount in this scheme. If we talk about interest, then 5.50 percent interest is available in the scheme from 7 days to one year. An interest rate of 5.50 per cent is also available on FDs of 1-2 years. At the same time, till the age of three, this FD scheme gives an interest of more than 5.50 per cent.
