Post Office Saving Scheme Post Office is running many saving schemes for investment. Through these schemes, investors can avail high interest. If you also want to get high returns from post office scheme, then you should invest in Post Office Time Deposit Scheme. Let us know about this scheme in detail.
Post Office Saving Scheme: Along with Bank FD, Post Office Saving Scheme is also very popular for investment. By investing in Post Office Saving Scheme, you can get higher returns along with savings. Although there are many saving schemes of Post Office, but among these Post Office Time Deposit Scheme is quite popular.
By investing in this scheme, you can also take advantage of high interest rate. Actually, the government is giving strong interest in this scheme. We will tell you about this scheme.
About Post Office Time Deposit Scheme
Anyone can invest in this scheme of post office. That is, there is no age limit for investing in this scheme. Along with high interest, it also provides the benefit of tax benefit. The government is currently giving 7.5 percent interest in this scheme. This scheme matures in a maximum of five years. If we talk about returns, then it gives more returns than other post office schemes.
Interest rate of Post Office Time Deposit Scheme
The interest rate of different tenures on the Post Office Time Deposit Scheme is different.
- 6.9 percent interest is being given on 1 year tenure.
- 7 percent interest is being given on 2 to 3 year deposit scheme.
- 7.5 percent interest rate is being given on investment for 5 years.
You will earn lakhs from interest
If you calculate the interest rate of post office time deposit, you can get interest up to lakhs of rupees. Understand it like this, if you invest Rs 5 lakh for five years, you will get a total of Rs 7,24,974 after maturity. Out of this, Rs 2,24,974 will be interest.
