Post Office Scheme: Just like FD, in the post office TD account, a fixed amount is received on maturity, which includes guaranteed returns.
Post Office Scheme: In terms of giving huge profits on savings accounts, the post office has left all the banks behind. After the RBI reduced the repo rate, all the banks reduced the interest rates of FD. But, the post office has not cut the interest rates of its schemes. Here we will tell you about such a scheme of the post office, in which if you deposit Rs 5 lakh, then on maturity you will get a direct return of Rs 2.25 lakh. The special thing is that you will get this return with guarantee and there will be no if-but in it.
How much interest is being given in the post office right now
Like the FD of banks, the post office runs a TD (Time Deposit) account. Just like FD, in the post office TD account, a fixed amount is received on maturity, which includes guaranteed returns. Post Office is giving interest ranging from 6.9 percent to 7.5 percent on 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.
How many years will it take to get a return of ₹2.25 lakh
Post Office is giving 7.5 percent interest on 5 year TD. If you deposit Rs 5 lakh in the 5 year TD scheme in the post office, then on maturity you will get a total of Rs 7,24,974 with guarantee. This amount also includes a fixed return of Rs 2,24,974. All customers get the same return in the post office. Whereas in banks, senior citizens get more return than ordinary citizens. Let us tell you that the post office works under the control of the central government. Therefore, your money is completely safe in this.
Disclaimer: This article is written for information purposes only. Before making any kind of investment or taking any financial risk, please consult your financial advisor. Businessleague.in will not be responsible for any kind of risk.
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