Just like all the banks of the country open FD (Fixed Deposit) accounts for their customers, similarly, the post office also opens TD (Time Deposit) accounts for its customers. The TD of the post office is exactly like the FD account of the banks.
Post Office Schemes: Post Office provides postal services as well as all banking services to its customers. Along with investment schemes in the post office, an account can also be opened in savings schemes like savings account, RD and FD. By opening an account under savings schemes in the post office, you not only get more interest than banks but your money is also completely safe here. There is also a scheme of the post office, in which you can get a fixed interest of Rs 29,776 by depositing Rs 2 lakh.
7% interest is being given on 2-year TD in the post office
Just as all the banks of the country open FD (Fixed Deposit) accounts for their customers, in the same way, the post office also opens TD (Time Deposit) accounts for its customers. The TD of the post office is exactly like the FD account of banks. The post office provides its customers the facility to open TD accounts for a period of 1 year, 2 years, 3 years and 5 years. The post office working under the central government is giving interest ranging from 6.9 percent to 7.5 percent on TD accounts. 7.0 percent interest is being given on 2-year TD in the post office.
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If you deposit Rs 2 lakh, you will get a total of Rs 2,29,776 on maturity
Any citizen of the country can open an account in the TD scheme of the post office. You can deposit a minimum of Rs 1000 in a TD account, while there is no maximum deposit limit in it. The customer can deposit as much money as he wants. If Rs 2 lakh is deposited in a 2-year TD in the post office, you will get a total of Rs 2,29,776 on maturity, which includes Rs 29,776 net and fixed. As soon as you open a TD account, you get to know how much money you will get on maturity. To open a TD account in the post office, you must have a savings account in the post office itself.
