Post Office Scheme 2024: Every investor wants to grow his savings, that too without any risk. At the time of investment, people look for good returns as well as tax benefits. Different post office investment schemes offer tax benefits under section 80C and other sections. Today we will tell you about one such scheme through which you can invest your money for five years at a time and get better interest than other banks.
Invest in this scheme
If you want to invest a lump sum amount, then you can invest it in the Post Office FD i.e. Time Deposit Scheme. In this post office, you get the benefit of better interest on 5-year FD than banks. Through this scheme, if you want, you can make the amount more than three times i.e. if you invest 5 lakhs, then you can make it more than 15 lakhs.
First invest 5 lakhs for 5 years
To make 5 lakhs into 15 lakhs, you will first have to invest 5 lakhs in post office FD for 5 years. In the post office FD scheme, 7.5 percent interest is being given for 5 years. In such a situation, if calculated with the current interest rate, the maturity amount after 5 years will be around 7 lakh rupees, but you do not have to withdraw this amount. Rather, you have to fix it for the next 5 years. In this way, in 10 years, you will earn Rs 5,51,175 through interest on an amount of 5 lakhs and your amount will become Rs 10,51,175.
This is how you will get 15 lakh rupees
Once again, this amount will have to be fixed for 5 years. Then in the 15th year, at the time of maturity, you will earn Rs 10,24,149 on the invested amount of 5 lakhs only through interest. In this way, by combining your invested Rs 5 lakh and Rs 10,24,149, you will get a total of Rs 15,24,149. In this way, you will get Rs 15 lakh.
