Investment Tips: On investing 1 lakh rupees in post office FD, you are getting 41,478 rupees interest, people are investing a lot..

Post office time deposit scheme: Most people want their investments to be safe and get good returns. In such a situation, fixed deposit has emerged as a traditional option. In recent times, interest rates on fixed deposits have also been beautiful. Be it a bank or a post office, there is an assurance of attractive returns on investing in both. It is proving to be a safe and profitable option for investors. (bank news)

If you also want to invest in Fixed Deposit, then Time Deposit Scheme (Post Office TD Account) is a great option. Deposit Rs 1 lakh in lump sum and forget it for 5 years. You will not only get a strong return on maturity, but you can also claim tax exemption under Section 80C under the Income Tax Act on a 5-year time deposit.

You get guaranteed returns-

Time deposit scheme is available for fixed deposit (Post office time deposit) in the post office, in which investment can be made for 1 to 5 years. This scheme provides guaranteed returns just like the FD of banks. It is also called National Savings Time Deposit Account. Investors can choose to increase their amount safely, as returns are assured in it. This option is better for those who think of long-term investment.

What is the return for how long?

Time deposit period interest rate-

6.6% on 1-year deposit

6.8% on 2-year deposit

6.9% on 3-year deposit

7.0% on 5 year deposit

How much money will you get by investing 1 lakh rupees?

At present, 7% interest is being given on investment in 5-year time deposit of Post Office. If you invest 1 lakh rupees at once in this scheme, then on maturity you will get a total of Rs 1,41,478. In this, Rs 41,478 will be earned only from interest.

Who can avail of the benefit?

Any Indian citizen can open a time deposit account in the post office. It is available in both single and joint account options, in which 3 people can open an account together. Minors can open an account through their parents or guardians. If the age of the minor is more than 10 years, then he can also open an account under this scheme in his own name. This scheme is a good option for safe investment.

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