Post Office Saving Schemes: Post Office is running many types of savings schemes for its customers. Post Office savings schemes include many schemes like RD, TD, MIS, SCSS, PPF, SSA, KVP. Post Office is giving more interest on TD scheme than FD of banks.
Let us tell you that the TD (Time Deposit) scheme of the post office is exactly like the FD scheme of banks, where you get all the money back with fixed interest after a fixed time. Today we will tell you about such a scheme, where you can get a huge interest of Rs 23,508 by depositing only Rs 1 lakh.
Post office is offering bumper interest of up to 7.5% on FD
FD accounts can be opened in the post office for 1 year, 2 years, 3 years and 5 years. The post office is offering its customers bumper interest of 6.9 percent on 1 year FD, 7.0 percent on 2 year FD, 7.1 percent on 3 year FD and 7.5 percent on 5 year FD. A minimum of Rs 1000 can be deposited in the post office FD account, while there is no maximum deposit limit in it. Under the post office FD scheme, single accounts as well as joint accounts can be opened. Let us tell you that a maximum of 3 people can be included in a joint account.
Excellent interest of 7.1 percent on 3-year FD
Post office is giving 7.1 percent interest on 3 year FD. If you deposit 1 lakh rupees in 3 year i.e. 36 months FD scheme in post office, then on maturity you will get a total of 1,23,508 rupees, which includes 23,508 rupees of fixed interest. Let us tell you that in the post office FD scheme, all the customers get the same interest, whereas in banks, senior citizens get 0.50 percent more interest on FD schemes of some selected periods.
