Post Office FD Interest Rate: Currently there are many types of investment instruments available in the market to invest. But it cannot be said that there will be guaranteed returns in all of them. Some investments involve risk. That is why it is better to choose schemes that are guaranteed by the government. Post office schemes can be chosen as safe investment schemes. These are constant returns.
Post Office Time Deposit Scheme: Nowadays, people are more interested in investing. You are looking to save a lot of money and invest in any scheme. There are many options for this. But most are safe. You will invest in schemes that will give you good returns in the long run. The main thing is to know about the post office schemes. The risk is low. Post Office Savings Investment Schemes have been well received due to the central government’s support for returns. Many banks offer… Just like fixed deposits. Post offices also have special FD schemes. These are referred to as time deposits.
The new financial year has already begun. To save taxes. You can invest in many post office fixed deposit schemes from the beginning of the year to get better returns. What is this time deposit scheme? What is the duration? What are interest rates? Let’s see how the returns go.
Post office FD schemes have different tenures such as one year, two years, three years and five years. All this is supported by the government. Returns will come. However, not all post office time deposits are eligible for tax benefits under Section 80C of the Income Tax Act. The maximum amount that can be deposited in a financial year on a five-year time deposit of only Rs. Tax deduction benefits of up to Rs 1.50 lakh
After the completion of the tenure in the post office FD, you will get fixed returns on your investment. When the FD matures. You can withdraw the amount invested, including interest. Post office time deposits offer interest rates of 6.9 per cent for one year, 7 per cent for two years, 7.10 per cent for three years and 7.50 per cent for five years.
In this scheme, interest is paid on a five-year term deposit on an annual basis. But interest is calculated on a quarterly basis. In this scheme, a person has to invest at least Rs. 1000 to be deposited. There is no maximum limit. A guardian account can be opened on behalf of a minor.
Let’s take a look at how much your investment will be worth in five years. It offers an interest rate of 7.50 per cent. Rs 3 lakh. 1,34,984. Your hand is worth Rs. 4, 34984. Further Rs. If you invest Rs 5 lakh, you will get interest. 2,24,974. Your hand is worth Rs. 7,24,974. Further Rs. Rs. 10 Lakhs 4,49,948. Rs. 14,49,948.
