Investment planning is necessary for a better and secure future. If you invest in a planned way then you can get better returns. You can invest in one such scheme in which there is no risk at all and the profit is also good. By depositing money in this post office scheme, you can get very good annual interest. One can invest in this scheme simultaneously for maturity of one, two, three and five years.
New Delhi: Investment planning is necessary for a better and secure future. If you invest in a planned way then you can get better returns. You can invest in one such scheme in which there is no risk at all and the profit is also good. By depositing money in this post office scheme, you can get very good annual interest. One can invest in this scheme simultaneously for maturity of one, two, three and five years.
Accordingly, you get interest on investment
Actually you can invest in small savings schemes of post office. In the post office scheme, one year’s investment gives interest at the rate of 6.90 percent. Similarly, 7 percent interest is available on the investment of two and three years. And the five-year deposit rate is 7.5 percent. These interest rates on these post office schemes are applicable from July 1 to September 30, 2023.
This is how you can get Rs 2.25 lakh
In such a situation, if you deposit five lakh rupees for five years, then you will get around 7.25 lakh rupees. In this, you will get around Rs 2.25 lakh as interest. That is, if you save Rs 273 daily, then in five years you will get the benefit of Rs 2.25 lakh.
Interest rates are reviewed every three months
On the other hand, the deposit rates of the Post Office Small Savings Scheme are reviewed every quarter by the government. That is, the interest rates can change every three months. However, at the time of depositing the amount, the rate of interest will be there, at the end of the maturity period, you will get the amount of interest on the same basis.
At the same time, one advantage of these schemes is that the benefit of tax exemption is available on the scheme of five years. Under section 80C of income tax, you can avail exemption of up to Rs 1.5 lakh.
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