You will get interest worth lakhs in this scheme of Post Office, apply like this.

Many people plan their investments for the future, choosing different options to get good returns. Some people invest in stocks, some in mutual funds, real estate, or savings schemes.

The Government of India offers many great savings schemes, one of which is the post office scheme which is known to provide substantial returns. One such scheme is the Post Office Fixed Deposit Scheme, where individuals can earn significant profits only from the interest.

Currently, this scheme offers interest rates of up to 7.5%. You can invest for 1 year, 2 years, 3 years, or 5 years. Interest rates vary: 6.9% for 1-year deposits, 7% for 2- and 3-year deposits, and 7.5% for 5-year deposits.

For example, if you invest ₹5 lahks for 5 years, you will get ₹2,24,974 interest at a 7.5% interest rate. This means your total amount after 5 years will be ₹7,24,974.

To apply for this scheme you need to visit the nearest post office with the required documents. You can fill out the application form and submit it along with the required paperwork to start investing.