Post Office Scheme Update: Through this Post Office scheme, you are getting Rs 49,564 in interest in just 1 year...
Generally, it is seen that not everyone's income is enough to accumulate big investment funds (Investment Tips) for themselves. However, it is also true that a fund worth lakhs can be created with small investments, due to which the post office helps the people here.
Indian Post Office has such a great scheme, where you get returns of lakhs of rupees by investing a small amount of money. The post office is operating savings schemes for everyone from children to the elderly. We are going to tell you about such a wonderful scheme which allows you to deposit a huge fund (post office scheme) for 5 years.
Big earnings on fixed deposit
Here we are talking about the Post Office Fixed Deposit Scheme (Post Office FD Scheme). Such people are looking for a safe and earning option with the government. So post office fixed deposit is one of the best schemes for you. Here there is no chance of fraud after depositing your money. Due to this, there is secure earning.
Post Office FD Scheme
You can invest at least Rs 1,000 in Post Office FD (Fixed Deposit Scheme), here the investor will have to invest in multiples of Rs 100, although there is no maximum limit for investment in FD. Customers can invest in FD for different periods of 1,2, 3, and 5 years in the post office, through which you can open an account by giving a check or cash to get FD.
A big fund will be created in one year
You deposit Rs 7 lakh in the Post Office FD scheme for one year, which will give you a total of Rs 7,49,564 at a 6.9 percent interest rate. In which only Rs 49,564 will be received as interest.
Similarly, if you invest Rs 7 lakh for 2 years, you will get a total of Rs 8,04,217 on maturity at 7 percent interest rate. Here you will get Rs 1,04,217 only as interest.
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