Post Office Invest in this scheme for 5 years and on completion of maturity you will get interest of more than Rs.2,50,000.
By investing in Post Office Small Savings Scheme, you can create a hefty fund with a higher rate of interest. For this you have to invest in this special post office. In this scheme, you will get more interest than before. Because the government has increased the interest rates of this scheme. Which has come into force from April 1 to June. There has been an increase of 10 to 70 basis points in the Small Savings Scheme of the Post Office .
Explain that the government has increased the interest rates of all small savings schemes except Public Provident Fund (PPF) by 10-70 basis points. 5 Year Post Office Time Deposit Account is one of the moderate return schemes that provide safe, guaranteed returns and is most preferred by small investors.
For those who want to earn a guaranteed income and have a low tolerance for risk, the Post Office Time Deposit Scheme is one of the best options. With effect from April 1, 2023, the interest rate on post office TD loan with a tenure of 5 years has been increased from 7 to 7.5 percent per annum by the government.
Investors can choose to invest in the Post Office Time Deposit Account for 1, 2, 3 or 5 years. After maturing the FD can be continued for one more year. Both single and joint accounts with a maximum of three persons can be covered under the FD account scheme.
Account can be opened with 1000 rupees
At least 1000 rupees can open an account in the time deposit scheme of the post office. And additional amount can also be deposited in multiples of Rs.100. Post Office There is no limit to invest money in this scheme. You can invest as much as you want in this. To invest in this scheme, you can open an account on behalf of a minor or a minor above 10 years of age. You can open a joint account in this scheme with a maximum of three people.
Calculate like this
If someone invests Rs 6 lakh in the post office time deposit scheme for 5 years, he will get a total of Rs 8,69,969 at the rate of interest of 7.5% per annum on completion of maturity time. In this, your interest rate of Rs 2,69,969 will be only. Therefore, by investing in this scheme, you can earn well with a completely safe investment.
