Post Office Scheme : This is an amazing scheme of Post Office! Invest money once, you will get this much interest and you will spend your life comfortably.


Post Office Scheme- To inculcate the habit of savings among the common man and to encourage risk-free investment, Post Office Time Deposits Scheme has been started. Tax exemption is also available on investment in this savings scheme.

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Every person wants to invest his savings in such a place from where he not only gets good returns but his money is also safe. If your wish is similar then you should invest money in the Time Deposit Scheme run by the Post Office. In common language it is also called Post Office FD.

There are not just one but many benefits of Post Office Time Deposit Scheme. Common people can invest in this with less money. There are many periods for investing money. Besides, you also get interest ranging from 6.9 percent to 7.5 percent.

In time deposit scheme, the investor is given the opportunity to make short term and long term investments. In this scheme you can deposit money for 1 year, 2 years, 3 years and 5 years. Any Indian citizen can open his account in Post Office Time Deposit Scheme. Not only this, 3 adults can also open a joint account. Parents can also open a time deposit account in the name of children above 10 years of age. The investment minimum amount is Rs 1,000.

How much interest will you get?

If you invest money in post office time deposit for one year, you will get 6.9 percent interest. If you invest for two years, you will get 7 percent interest. On investing money for three years, 7.10 percent interest is given to the investor and 7.5 percent interest is given on time deposit of five years.

Tax exemption will be available:

The amount invested in a time deposit account with a tenure of 5 years in the post office also gets the benefit of tax exemption under Section 80C of the Income Tax Act, 1961. However, tax benefits are not being availed on deposits with tenure shorter than this. Money can be withdrawn even before the maturity of the time deposit, but there is a penalty.

Rs 5 lakh will become ₹ 7,24,974 in five years.

If you invest money in post office time deposit for five years, you will get ₹ 7,24,974 including interest after five years. That means you will get ₹ 2,24,974 as interest in five years. Similarly, if you invest money for three years, you will get ₹ 6,17,538 on maturity of the time deposit. This amount will be Rs 500000 as principal and Rs 1,17,538 as interest.

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