Time Deposit: If you join the post office scheme a lump sum of Rs. You can get profit up to 5 lakhs. How do you think? You have to know this.
Saving Schemes: Looking for risk-free returns? But you have many options available. These include post office saving schemes.At the post office(Post Office) Various schemes are available. Of these we are now a time depositschemeLet’s know about (Scheme). By investing in it you can double your investment. But for this we have to wait for a long time.
You at the post office SBI Can own more interest than The interest rate on five-year FDs in State Bank is 6.5 percent. But you can get up to 7.5 percent interest on five-year FDs at the post office. Also, the interest rate is 6.9 percent if you want to keep the money for a one-year tenure. For the same two-year tenure, 7 percent interest can be obtained, and for three-year tenure, 7 percent interest can be obtained.
For example if you want to keep money in post office time deposits.. mInvestment At an interest rate of 7.5 per cent, it will double in 114 months. For example if you spend Rs. They wanted to invest 5 lakhs. The interest rate is 7.5 percent. Maturity period is 5 years. At maturity you will get Rs. 7.25 lakhs will come. Interest income Rs. 2.25 lakhs. If you put the same Rs. 10 lakhs.. you will have around Rs. 5 lakhs profit. Anyone can join this scheme. There is also a joint account facility. You can also get tax benefit by investing in time deposits. This benefit can be availed under Section 80C.
You can save money from Rs.1000 in post office time deposit scheme. There is no such thing as a maximum limit. The interest amount is calculated quarterly. But it is paid on an annual basis. And at the time of maturity, you can get the interest you have invested at the same time. Those who want risk free returns can invest in this scheme. You can choose the tenure of your choice. Your returns will vary based on the amount invested.
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