Post Office Scheme There are many options to invest in today’s time. We can invest in mutual funds along with share market. Apart from this, post office and bank also have many schemes for investment. In this report, we know about a post office scheme in which more interest is being received from the bank.
There are many types of schemes available in the post office and bank. We can invest our savings through these schemes. Today we will tell you about a scheme of the post office. In this scheme, more interest is being received from the government bank of the country.
We will tell you about the Post Office Time Deposit Scheme. This is a very good option for investment. Here your money will be completely safe. In this scheme, more interest is available from State Bank of India. Come, let us know about this scheme.
Why post office time deposit scheme is better
- On the 5-year FD of State Bank of India (SBI), the customer gets 6.50 per cent interest. At the same time, 7.5 percent interest is available in the time deposit scheme of the post office. This interest is available for 5 consecutive years.
- In this post office scheme, after 9 years and 6 months, your deposited amount will double. Think of it like this that if you invest at 7.50 per cent interest rate, then after 114 months your invested amount will double. For example, an amount of Rs 3.5 lakh will become Rs 7,24,974 after maturity. In this you will get Rs 2,24,974 as interest.
- You can invest in this scheme for 1 year, 2 years, 3 years and 5 years.
Who can open account in post office
Any person can open his account in the post office. In this, a joint account of three people can be opened simultaneously. For example, a joint account can be opened between parents and children. Parents can also open an account in the name of children above 10 years of age.
