Many people invest in the post office. If you also want to invest in this, there is a huge scheme in which you will get a fixed interest of more than 2 lakhs on an investment of 5 lakhs.
Post Office Saving Schemes: Saving accounts like Saving Account, FD Account, RD Account are opened not only in banks but also in Post Offices. You will be surprised to know that Post Office is giving higher interest to its customers than banks.
Today we are going to tell you about a scheme of the post office, where you will not only get higher interest than banks, but also get complete security of your money from the government. Here we are talking about the post office time deposit (TD).
TD account can be opened for 1 year to 5 years: The TD scheme of the post office is just like the FD of the banks. A lump sum amount is deposited in the TD account. On which you get high interest. You can open a TD account in the post office for 1 year, 2 years, 3 years and 5 years.
The Post Office is offering interest rates of 6.9 percent, 7.0 percent, 7.1 percent and 7.5 percent on TD accounts of different tenures respectively. The Post Office is offering a maximum interest rate of 7.5 percent on 5-year TDs. A TD account can be opened with just Rs 1,000, while there is no maximum deposit limit. That is, you can deposit as much money as you want in it.
If you deposit Rs 5 lakh in the Post Office TD scheme, you will get a total of Rs 7,24,974 on maturity. This includes a net and fixed interest of Rs 2,24,974 on the Rs 5,00,000 you deposited.
Your money is completely safe in the Post Office TD scheme. The Post Office works under the Ministry of Communications, Government of India. Therefore, every money you deposit in the Post Office is completely safe.
