Post Office Time Deposit Scheme: This is one of the most popular schemes run by the post office and helps you earn lakhs of rupees through interest. There is a facility to open both single and joint accounts in this.
Post Office Saving Schemes are being run by the post office for everyone, be it children, old people, young people or women. The special thing is that while there is a strong return on investment in these, on the other hand, the government itself guarantees the safety of the investor’s money. In these schemes, huge profits can be earned even on small investments. One such great scheme is the Post Office Time Deposit Scheme, in which more than Rs 4 lakh can be earned from the interest on the investment. Let’s know how…
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Money is safe and there are strong returns
Often people plan to save some money from their earnings and invest it in a place where they can get good returns along with the money being safe. In this context, if we talk about the popular Post Office Time Deposit Scheme, then apart from great interest, it also offers many other great benefits. The government offers 7.5 percent interest (PO TD Interest Rate) on investment in it for 5 years. As per the name of the scheme, one can invest in it for different tenures and the interest on the investment is received at different rates.
- 6.9% interest on investing for one year
- 7% interest on investing money for two years
- 7.1% interest on investing for three years
- 7.5% interest on investment for five years
- An account can be opened under the scheme with a minimum of Rs 1,000
- Interest money gets added on the investment on yearly basis
How will you earn 4.5 lakhs from interest?
Post Office Time Deposit Scheme is considered to be one of the best government schemes included in the list of Post Office Saving Schemes, because it gives the benefit of strong interest, guaranteed income as well as tax exemption. Now if we calculate the earning of Rs 4.5 lakh from interest alone through investment in it, then it can be easily understood.
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