Post Office Scheme: The post office has not cut the interest rates of its savings schemes in any way. Here we are going to tell you about such a scheme of the post office, in which if you deposit Rs 2 lakh, you will get a fixed interest of Rs 29,776 directly.
Add businessleague.in as a Preferred Source
Post office time deposit scheme
The post office runs a savings scheme called TD or Time Deposit for its customers. This scheme is just like the FD scheme of banks, in which investors get fixed interest at a fixed time. The interest rate on the post office’s TD scheme is ranging from 6.9 percent to 7.5 percent. The post office is offering its customers an interest of 6.90 percent 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.
An investment of Rs 2 lakh in 2 years will give a fixed return of Rs 29,776
Post office is giving 7.0 percent interest on 2 year TD. If you deposit Rs. 2,00,000 in 2 year TD scheme in post office, then on maturity you will get a total of Rs. 2,29,776 with guarantee. This amount also includes a fixed return of Rs. 29,776. All customers get the same return in post office. Whereas in banks, senior citizens get more return than general citizens. Let us tell you that post office works under the control of central government. Therefore, your money is completely safe in it.
Most Read Articles:
- 7th Pay Commission: Government may give the gift of DA hike before Diwali, know the full details
- PNB Savings Schemes: Deposit ₹2,00,000 in PNB and get fixed interest of ₹30,681 with guaranteed
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
Add businessleague.in as a Preferred Source
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
