TD account can be opened in the post office for a period of 1 year, 2 years, 3 years and 5 years. The post office has reduced the interest rates on 2 year and 3 year TD.
Post Office Savings Schemes: The postal department working under the central government has changed the interest rates of the time deposit scheme run for its customers. The post office has uploaded the revised interest rates of the scheme on its official website. The post office has reduced the interest rates of the TD scheme of some specific period, while the interest rates of a specific period TD scheme have also been increased. Today we will tell you about the TD scheme of the post office, in which a fixed interest of Rs 14,663 can be obtained by depositing only Rs 1 lakh.
Interest rates of 2 year and 3 year TD reduced
TD account can be opened in the post office for a period of 1 year, 2 years, 3 years and 5 years. The post office has reduced the interest rates on 2-year and 3-year TD. The post office has reduced the interest rates on 2-year TD from 7.0 percent to 6.9 percent and the interest rates on 3-year TD from 7.1 percent to 6.9 percent. Apart from this, the interest rate on 5-year TD has been increased from 7.5 to 7.7 percent. The interest rate on 1-year TD will continue to be 6.9 percent as before.
You will get a fixed interest of ₹14,663 on depositing ₹1,00,000
If you deposit ₹1 lakh in a 2-year TD scheme in the post office, you will get a total of ₹1,14,663 on maturity. This includes the fixed interest of ₹14,663 in addition to the ₹1,00,000 invested by you. Let us tell you that the TD scheme of the post office is just like the FD scheme of banks. In the TD scheme of the post office, customers get fixed interest after a fixed time. As we have already told you that the post office works under the central government, it means that your money deposited in it is completely safe.
Disclaimer: This article is written for information purposes only. Before making any kind of investment or taking financial risk, consult your financial advisor.
