Post Office Scheme: On investment of 5 lakh rupees in Post Office scheme, you are getting interest of Rs 2,24,974..

Post Office Saving Schemes: After the cut in repo rate by the Reserve Bank of India, many banks have reduced the interest rates of FD, but the post office has not made any change in the interest rates of its savings schemes. This has made the interest rates of post offices more attractive than banks. In a special scheme, if you deposit Rs 5 lakh, you will get a fixed interest of Rs 2,24,974.

If you deposit 5 lakh, you will get Rs 7,24,974 on maturity-

Just like FD accounts opened in banks, TD accounts (time deposits) are opened in post offices. TD accounts with tenures of 1 year, 2 years, 3 years, and 5 years are opened in post offices. The post office is giving its customers 6.9 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. If you deposit Rs 5 lakh in a 5-year TD in the post office, then you will get a total of Rs 7,24,974 on maturity. This amount includes Rs 5,00,000 of your investment and Rs 2,24,974 of interest.

All customers get equal interest in the TD scheme of the post office-
In the TD scheme of the post office, customers get fixed interest with a guarantee. Let us tell you that all customers get equal interest on the TD account of the post office, whether he is a common citizens or senior citizen. A minimum of Rs 1000 can be deposited in the TD account, while there is no limit on the maximum deposit.

Your money deposited in the post office is completely safe. Actually, the post office is a government system, which is operated by the Center. In such a situation, the government is responsible for the safety of every penny deposited in the post office.

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