High Return Post Office Scheme: The Center has increased the interest rate of the small savings sector from 1 April 2023. Interest rates on all savings schemes except PPF increased by 10-70 basis points. These safe and guaranteed return schemes offer excellent returns over 5 years.
In Post Office Time Deposit Scheme you will get 10 lakhs by depositing 5 lakhs. Today the Post Office is still the best way to increase savings.
Today we will tell you about the 5-year Post Office Time Deposit Account (Post Office Time Deposit Scheme), which guarantees double your money. This will give you the benefit of compound interest.
After April 1, 2023, customers are getting 7.5 percent interest rate in Post Office Time Deposit Scheme.
After April 1, 2023, customers are getting 7.5 percent interest rate in Post Office Time Deposit Scheme. You can invest in this scheme from Rs.1000 onwards.
If you invest Rs 5 lakh in a time deposit scheme, you will get Rs 7,24,974 at maturity. In this you will get 2,24,974 Tk as interest.
If you extend the time deposit scheme for 5 years, you will get Rs 10 lakh instead of Rs 5 lakh. A time deposit account or a fixed deposit account should be opened at the nearest post office.
In time deposit scheme, this amount will become Rs 10,51,175 in 10 years. The amount of interest will be Rs. 5,51,175. Here your money is guaranteed to double in 10 years. Only persons above 10 years of age can invest in this scheme. However, a child’s account can be opened under the supervision of his parents.
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