Post Office Scheme: The post office has reduced the interest rates of TD schemes of 2 years and 3 years duration. Now 6.9 percent interest will be available on 2 years and 3 years TD of the post office.
Post Office Scheme: The post office has made many major changes in the interest rates of its savings schemes. The post office has changed the interest rates given for different duration plans of TD i.e. Time Deposit Scheme. TD accounts are opened in the post office for a period of 1 year, 2 years, 3 years and 5 years. The post office has changed the interest rates of TD schemes of 2 years, 3 years and 5 years duration, while no change has been made in the interest rates of 1 year TD. Let us know how much interest will be available on the TD scheme of the post office now?
The post office increased the interest rates of 5 years TD
The post office has reduced the interest rates of TD schemes of 2 years and 3 years duration. Now, 6.9 percent interest will be available on 2 year and 3 year TD of post office. Let us tell you that earlier 7.0 percent interest was available on 2 year TD and 7.1 percent interest was available on 3 year TD. Apart from this, the post office has increased the interest rates on 5 year TD to 7.7 percent. Earlier 7.5 percent interest was available on 5 year TD. The post office has not made any change in the interest rates of 1 year TD and it will get 6.9 percent interest as before. That is, now only 6.9 percent interest will be available on TD from 1 year to 3 years in the post office.
Rs 92,849 interest will be available on Rs 2 lakh
Now 7.7 percent interest will be available on 5 year TD, which was 7.5 percent earlier. After the new interest rates are implemented, if you deposit Rs 2 lakh in a 5-year TD of the post office, then on maturity you will get a total of Rs 2,92,849, which includes Rs 92,849 of interest. Let us tell you that the TD scheme of the post office is exactly like the FD of banks, in which fixed interest is received at a fixed time. However, in the TD scheme, all customers get the same interest, while in banks, senior citizens get 0.50 percent more interest on FD schemes of some selected periods.
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