Post Office Savings Schemes: The Postal Department working under the Central Government has changed the interest rates of the Time Deposit Scheme run for its customers.
The Post Office has uploaded the revised interest rates of the scheme on its official website. The post office has reduced the interest rates of the TD scheme of some specific period, while the interest rates of a specific period TD scheme have also been increased. Today we will tell you about the TD scheme of the Post Office, in which a fixed interest of Rs 14,663 can be obtained by depositing only Rs 1 lakh.
TD interest rates for 2 years and 3 years reduced
TD account can be opened in the post office for a period of 1 year, 2 years, 3 years and 5 years. The post office has reduced the interest rates on 2 year and 3 year TD. The post office has reduced the interest rates of 2 year TD from 7.0 percent to 6.9 percent and the interest rates of 3 year TD from 7.1 percent to 6.9 percent. Apart from this, the interest rate of 5 year TD has been increased from 7.5 to 7.7 percent. The interest rate of 6.9 percent will continue to be available on 1 year TD as before.
On depositing ₹1,00,000, you will get fixed interest of ₹14,663
If you deposit Rs 1 lakh in a 2-year TD scheme in the post office, you will get a total of Rs 1,14,663 on maturity. This includes the Rs 1,00,000 invested and a fixed interest of Rs 14,663. Let us tell you that the TD scheme of the post office is exactly like the FD scheme of banks. In the TD scheme of the post office, customers get fixed interest after a fixed time. As we have already told you that the post office works under the central government, so it means that your money deposited in it is completely safe.
