Post Office Scheme: FD in the post office is known as TD i.e. Time Deposit. Post office TD is just like FD, where you get a fixed return after a fixed period of time.
After RBI reduced the repo rate, all the banks also reduced the interest rates of FD. However, the post office is still giving bumper interest to its customers as before. Today we will know here that if you deposit Rs 2 lakh in a 2-year FD in the post office in the name of your wife, then how much money will you get on maturity.
2-year TD is getting 7.00 percent interest
FD in the post office is known as TD i.e. Time Deposit. Post office TD is just like FD, where you get a fixed return after a fixed period of time. The post office is giving its customers interest ranging from 6.9 percent to 7.5 percent on TD (Time Deposit) accounts. In the post office, 6.90 percent interest is being given on 1 year TD, 7.0 percent on 2 year TD, 7.1 percent on 3 year TD and 7.5 percent on 5 year TD. Let us tell you that the post office gives equal interest to all its customers, no matter who they are.
If you deposit Rs 2,00,000, you will get a fixed interest of Rs 29,776
If you invest Rs 2 lakh in the 2 year TD scheme in the post office in the name of your wife, then on maturity, a total of Rs 2,29,776 will come in your wife’s account. Apart from the Rs 2,00,000 deposited by you, this also includes a guaranteed fixed interest of Rs 29,776. The post office works under the central government and the government has direct control over its functioning. This is the reason that every rupee deposited by you in the post office is completely safe.
Disclaimer: This article is written for information purposes only. Consult your financial advisor before making any kind of investment or taking any financial risk. businessleague.in will not be responsible for any kind of risk.
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