Post Office: On investment of 2 lakhs in Post Office scheme, you are getting interest of Rs 29,776..

Post Office Schemes: The Reserve Bank of India (RBI) has cut the repo rate by a total of 1.00% this year, which happened in three phases in February, April, and June. As a result of this reduction, banks across the country have also cut their fixed deposit (FD) interest rates.

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However, the post office has not made any cut in the interest rates of its savings schemes. In such a situation, today in this news we are going to tell you about such a scheme of the post office, in which you will get a fixed interest of Rs 29,776 directly on depositing Rs 2 lakh.

Post Office Time Deposit Scheme-

- The post office runs a savings scheme called TD i.e. Time Deposit for its customers.

- This scheme is exactly like the FD scheme of banks, in which investors get fixed interest at a fixed time.

- The Post Office's TD scheme is offering interest ranging from 6.9 percent to 7.5 percent.

- The Post Office is offering its customers 6.90 percent interest 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.

You will get a fixed return of Rs 29,776 on an investment of Rs 2 lakh in 2 years-

In the 2-year time deposit (TD) scheme of the post office, you get an annual interest of 7.0%. If you deposit Rs 2,00,000 in it, then on maturity you will get a total of Rs 2,29,776 with a guarantee. This includes a fixed return of Rs 29,776. All customers get the same return in the post office, while banks give more interest to senior citizens. Since this scheme is under the central government, your money is completely safe.

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