Post Office Savings Scheme: In terms of giving huge profits on savings accounts, the post office has left all the banks behind. After the RBI reduced the repo rate, all the banks reduced the interest rates of FD.
But, the post office has not reduced the interest rates of its schemes. Here we will tell you about such a scheme of the post office, in which if you deposit Rs 5 lakh, you will get a direct return of Rs 2.25 lakh on maturity. The special thing is that you will get this return with guarantee and there will be no if-but in it.
How much interest is being received in the post office right now
Like the FD of banks, the post office runs TD (time deposit) accounts. Like FD, a fixed amount is received on maturity in the TD account of the post office, which includes guaranteed returns. The post office is giving interest ranging from 6.9 percent to 7.5 percent on time deposit accounts. In the post office, 6.90 percent interest is being given on 1 year TD, 7.0 percent on 2 year TD, 7.1 percent on 3 year TD and 7.5 percent on 5 year TD.
How many years will it take to get a return of ₹2.25 lakh
Post office is giving 7.5 percent interest on 5 year TD. If you deposit 5 lakh rupees in 5 year TD scheme in post office, then on maturity you will get a total of 7,24,974 rupees with guarantee. This amount also includes a fixed return of 2,24,974 rupees. All customers get the same return in post office. Whereas in banks, senior citizens get more return than ordinary citizens. Let us tell you that post office works under the control of central government. Therefore, your money is completely safe in it.
