In such a situation, the interest rates of the post office have become even more attractive than banks. Today we will tell you about such a scheme of the post office, in which if you deposit Rs 5 lakh, you will get a fixed interest of Rs 2,24,974 directly.

If you deposit 5 lakhs, you will get Rs 7,24,974 on maturity

Just like FD accounts opened in banks, TD accounts (time deposits) are opened in post offices. TD accounts are opened in post offices for 1 year, 2 years, 3 years and 5 years. The post office is giving its customers an interest of 6.9 percent 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. If you deposit Rs 5 lakh in a 5 year TD in the post office, you will get a total of Rs 7,24,974 on maturity. This amount includes Rs 5,00,000 of your investment and Rs 2,24,974 of interest.

All customers get equal interest in the post office TD scheme

In the Post Office TD scheme, customers get a fixed interest with guarantee. Let us tell you that all customers get equal interest on the Post Office TD account, whether they are ordinary citizens or senior citizens. A minimum of Rs 1000 can be deposited in a TD account, while there is no limit on the maximum deposit. Your money deposited in the post office is completely safe. Actually, the post office is a government system, which is operated by the Center. In such a situation, the government is responsible for the safety of every penny deposited in the post office.

If you deposit 5 lakhs, you will get Rs 7,24,974 on maturity

Just like FD accounts opened in banks, TD accounts (time deposits) are opened in post offices. TD accounts are opened in post offices for 1 year, 2 years, 3 years and 5 years. The post office is giving its customers an interest of 6.9 percent 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. If you deposit Rs 5 lakh in a 5 year TD in the post office, you will get a total of Rs 7,24,974 on maturity. This amount includes Rs 5,00,000 of your investment and Rs 2,24,974 of interest.

All customers get equal interest in the post office TD scheme

In the Post Office TD scheme, customers get a fixed interest with guarantee. Let us tell you that all customers get equal interest on the Post Office TD account, whether they are ordinary citizens or senior citizens. A minimum of Rs 1000 can be deposited in a TD account, while there is no limit on the maximum deposit. Your money deposited in the post office is completely safe. Actually, the post office is a government system, which is operated by the Center. In such a situation, the government is responsible for the safety of every penny deposited in the post office.

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The post Post Office’s Best scheme: Deposit ₹ 5,00,000 and get fixed interest of ₹ 2,24,974, Know all Details first appeared on Rightsofemployees.com.

Today we will tell you about such a scheme of BoB, in which you can get a bumper interest of Rs 51,050 by depositing only Rs 2 lakh. Let us tell you that this interest of Rs 51,050 on Rs 2 lakh is absolutely fixed and you will get this benefit with guarantee.

Fixed and guaranteed interest of ₹51,050 on ₹2,00,000

Bank of Baroda is offering its customers interest ranging from 7.15 percent to 7.65 percent on FDs with tenures ranging from 2 years and 1 day to 3 years. In this scheme, 7.15 percent interest is being offered to general citizens and 7.65 percent interest is being offered to senior citizens. If you are a general citizen and deposit Rs 2 lakh in this scheme for 3 years, then you will get a total of Rs 2,47,379 on maturity.

This includes a fixed and guaranteed return of Rs 47,379. If you are a senior citizen and deposit Rs 2 lakh in this scheme for 3 years, then you will get a total of Rs 2,51,050 on maturity. This includes a fixed and guaranteed return of Rs 51,050.

FD interest rates are going to decrease soon

This second largest bank of the country has brought a new special FD scheme of 444 days for its customers. On this FD scheme also, 7.15 percent interest is being given to general citizens and 7.65 percent interest is being given to senior citizens. Let us tell you that today RBI has announced a cut of 0.25 percent in the repo rate.

With this decision of RBI, along with the interest rates of loans, the interest rates of FD (Fixed Deposit) will also decrease. Now gradually all the banks will start reducing the interest rates of FD. Therefore, if you get FD done as soon as possible, you will be benefited.

(Disclaimer: This news is for information only. Please consult your financial advisor before investing.)

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PNB savings scheme: Punjab National Bank i.e. PNB is a government bank. Which works under the central government. In terms of market cap, PNB is the third largest public sector bank in the country. PNB is running many types of savings schemes for its customers. By investing in which you can earn good profits.

Today we are going to tell you about such a savings scheme of PNB, in which you can deposit Rs 2 lakh and get a fixed and guaranteed interest of Rs 49,943. We are talking about PNB’s FD scheme.

PNB is offering 7.5% interest on 3-year FDs to senior citizens

Punjab National Bank is offering interest rates of 3.50 percent to 7.25 percent for general citizens and 4.00 percent to 7.75 percent for senior citizens on FDs of 7 days to 10 years. Punjab National Bank is offering interest rates of 7.00 percent to general citizens and 7.50 percent to senior citizens on FDs of 2 years and 1 day to 3 years.

If you are a general citizen and deposit Rs 2 lakh in a 3-year FD of Punjab National Bank, you will get a total of Rs 2,46,287 on maturity, which includes interest of Rs 46,287.

Deposit ₹2,00,000 and earn a fixed interest of ₹49,943

If you are a senior citizen and deposit Rs 2 lakh in a 3-year FD of Punjab National Bank, you will get a total of Rs 2,49,943 on maturity. Which includes Rs 49,943 in interest. Customers get a fixed and guaranteed interest on FD i.e. fixed deposit.

In this era of stock market and mutual funds, even today a large section of the country considers FD as the safest investment, because unlike the stock market or mutual funds, it does not carry any risk and you get guaranteed returns.

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Yes, we are talking about Kisan Vikas Patra i.e. KVP. KVP is a government scheme, which is run by the post office. Let us tell you that the post office comes under the central government, that is, the investment made in this scheme is completely safe.

The government is giving 7.5 percent interest on the Kisan Vikas Patra scheme
Currently, 7.5 percent interest is being given on Kisan Vikas Patra. Under this scheme, your investment keeps getting compounded on an annual basis. Lump sum investment is made in Kisan Vikas Patra scheme. You can open an account in this scheme with a minimum investment of Rs 1000. While there is no maximum investment limit in this. You can deposit as much money as you want in multiples of Rs 100. Kisan Vikas Patra scheme matures in 115 months (9 years and 7 months). The most special thing about this scheme is that your investment doubles directly on maturity.

If you deposit Rs 10 lakh, you will get a total of Rs 20 lakh on maturity

For example, if you deposit Rs 10 lakh in this scheme, you will get Rs 20 lakh directly on maturity. This Rs 20 lakh includes Rs 10 lakh of your investment and Rs 10 lakh of interest. Let us tell you that there is no risk of any kind in this scheme and your money will be completely safe. Under this scheme, you can open a single account. Apart from this, a joint account can also be opened in it, in which names of maximum 3 people can be added. Not only this, if you want, you can also open an account in this scheme in the name of your child.

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There is a fixed interest on your investment in PMVVY, on the basis of which your monthly pension is decided. It can be availed at the age of 60 years or after. Know other important information related to Prime Minister Vaya Vandana Yojana from LIC’s Chief Insurance Advisor Deepti Bhargava.

What is PMVVY Scheme?

Prime Minister Vaya Vandana Yojana is for the elderly people of India, whose age is 60 years or more. There is no age limit for investing in this scheme. A maximum investment of Rs 15 lakh can be made under PMVVY. The amount has to be deposited in lump sum.

If both husband and wife want to take benefit of the scheme, then both can deposit up to Rs.15 lakhs separately. On investing in this scheme, senior citizens get better interest than investing in other schemes. The pension is decided on the basis of your invested amount.

Money back after 10 years

The Prime Minister Vaya Vandana Yojana is for 10 years. Till then your money will be deposited in the scheme and you will continue to get pension. This amount will be returned with the final payment of pension after 10 years. The interest rate on the amount invested in this scheme will be 7.40 per cent per annum, which will be given as pension every month. If you want, you can surrender from this scheme anytime after the start of the scheme.

How much pension will you get

The minimum monthly pension in this scheme is Rs 1000 and the maximum is Rs 9250. If you invest Rs 15 lakh in this scheme, then the annual interest at the rate of 7.40 percent will be Rs 111,000. If it is divided into 12 parts, then a monthly pension of Rs 9250 will be made. The lump sum amount deposited under the scheme is tax free under section 80C of the Income Tax Act 1961. But the beneficiary will have to pay tax on the interest earned from the amount invested.

How to apply

To apply for the scheme, one has to apply by visiting the official website of LIC. You can also apply offline if you want.

The first installment of pension will be received after one month, three months, six months or one year from the date of your investment. It depends on which option you have opted for monthly, quarterly, half yearly or yearly pension. You will be given pension based on the amount you invest.

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