Post Office Scheme Details: Post Office is still considered the best option for investment. You can save money by investing in it. Along with this, money back guarantee is also available. Today we will tell you that you can deposit lakhs of rupees in just 5 years.
Post Office Scheme: Post Office is still considered the best option for investment. You can save money by investing in it. Along with this, money back guarantee is also available. Today we will tell you that you can deposit lakhs of rupees in just 5 years. At this time, in many post office savings schemes, you get the benefit of more interest than bank FD. Post office time deposit scheme is a better option for investment.
How much interest will be received on which investment?
You can invest in the post office time deposit scheme for 1 year, 2 years, 3 years or 5 years. You get the benefit of interest at the rate of 6.8 percent on 1 year investment, 6.9 percent on 2 year investment, 7.0 percent on 3 year investment and 7.5 percent on 5 year investment. Apart from this, you also get tax exemption under 80C on investment of 5 years. There is also no limit on the maximum investment in this.
Will get Rs 7,24,149 on maturity
If you are planning to invest in the Post Office Time Deposit Scheme for 5 years, then you will get the benefit of interest at the rate of 7.5 percent. If you invest Rs 5 lakh, then after maturity of 5 years you will get Rs 7,24,149. Let us tell you that out of this Rs 5 lakh will be the invested amount and you will get Rs 2,24,149 lakh as interest.
Who can invest?
>> Any citizen of India can take advantage of this scheme.
>> In this you can open single account, joint account.
>> Anyone above 10 years of age can open an account in his name in this scheme.
>> Parents of a child below 10 years of age can open an account for him.
How much money will be received by investing 1 lakh rupees?
>> If you invest Rs 1 lakh in this scheme, you will get around Rs 1,45,000 on maturity and at 7.5%, you will get an interest of around Rs 45,000.
