Post Office Time Deposit Scheme: Keeping in mind different income groups, Post Office is running many great schemes. You get many great benefits by investing in these savings schemes of the post.
In this series, today we are going to tell you about a very wonderful scheme of the post office. The name of this scheme is Post Office Time Deposit Scheme. By investing in this scheme you can earn lakhs of rupees. You are getting many benefits by investing in this savings scheme. Here you get tremendous returns on your investment money. The most important thing about this scheme is that your money remains completely safe here. You do not have to face any kind of market risks.
At present, an interest rate of 7.5 percent is being given on investing in the time deposit scheme of the post office. In this post office savings scheme, you can invest money for 1 year, 2 years, 3 years and 5 years.
If you invest in this post office scheme for one year, you get an interest rate of 6.9 percent. An interest rate of 7 percent is available on investment for two or three years and an interest rate of 7.5 percent on investment for five years.
If you invest five lakh rupees in the time deposit scheme of the post office for five years. In such a situation, if you calculate the current interest rate at 7.5 percent, then you will get interest of Rs 2,24,974 during this period. After five years, you will have a total amount of Rs 7,24,974 at the time of maturity. In such a situation, you can earn lakhs of rupees by investing in this scheme.