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.

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If you are an investor looking for safe and fixed returns, then the Post Office Time Deposit (TD) scheme can prove to be a great option for you. By investing just ₹3 lakh in this scheme, you can earn a guaranteed interest of ₹44,664 in two years.

Know the complete calculation of investment and interest:

Under Post Office TD Scheme:

• Interest rate for 1 year – 6.9%
• Interest rate for 2 years – 7.0%
• Interest rate for 3 years – 7.1%
• Interest rate for 5 years – 7.5%

If you deposit ₹3 lakh in a 2-year TD scheme, then after two years you will get a total of ₹3,44,664. Out of this, ₹44,664 will be received only as interest. This return is completely guaranteed.

Why is Post Office’s TD scheme special?

• Backed by the Government – ​​hence completely safe
• Same interest to investors of all ages – no separate rates for senior citizens
• Facility like FD of banks, but with more confidence

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But being a government unit, you also get that security here. The post office had increased the interest rates on many of its schemes last month, due to which investors are going to get even higher returns. Post Office Time Deposit Scheme is also included in that scheme. It is also called National Savings Time Deposit Account in the post office.

Can earn guaranteed return

The option of investing in Post Office Time Deposit Scheme from 1 year to 5 years is open. Just like banks get fixed returns in FD, similarly you can earn guaranteed returns in post office time deposit scheme. In this, you can invest for 1, 2, 3 and 5 years, which have different interest rates. Maximum interest is 7.5%. Interest is calculated on a quarterly basis, which comes annually in your account. You also get tax exemption under 80C on investment of 5 years. There is also no limit on the maximum investment in this.

For what period is the return?

Post Office Time Deposit Calculator 2023

Suppose you are investing Rs 5 lakh for 5 years, then you will get a return at the rate of 7.5%. Your total maturity amount will be Rs 7,24,149. And you will earn Rs 2,24,149 only from interest.

Who can take advantage?

Any Indian citizen can invest in the post office time deposit account. In this, single account, joint account (3 people together), on behalf of the minor, his parents or guardian can open the account. If the minor is above 10 years of age, then he can also open an account under this scheme in his own name.

The post Post Office Super Return: You will get 7 lakh 24 thousand 149 rupees in 5 years, know full details first appeared on Rightsofemployees.com.

But being a government unit, you also get that security here. The post office had increased the interest rates on many of its schemes last month, due to which investors are going to get even higher returns. Post Office Time Deposit Scheme is also included in that scheme. It is also called National Savings Time Deposit Account in the post office.

Can earn guaranteed return

The option of investing in the Post Office Time Deposit Scheme from 1 year to 5 years is open. Just like banks get fixed returns in FD, similarly you can earn guaranteed returns in post office time deposit scheme. In this, you can invest for 1, 2, 3 and 5 years, which have different interest rates. Maximum interest is 7.5%. Interest is calculated on a quarterly basis, which comes annually in your account. You also get tax exemption under 80C on investment of 5 years. There is also no limit on the maximum investment in this.

For what period is the return?

Post Office Time Deposit Calculator 2023

Suppose you are investing Rs 5 lakh for 5 years, then you will get a return at the rate of 7.5%. Your total maturity amount will be Rs 7,24,149. And you will earn Rs 2,24,149 only from interest.

Who can take advantage?

Any Indian citizen can invest in the post office time deposit account. In this, single account, joint account (3 people together), on behalf of the minor, his parents or guardian can open the account. If the minor is above 10 years of age, then he can also open an account under this scheme in his own name.

The post Post Office’s superhit return! Will get ₹ 7,24,149 on investment of 5 years, will earn ₹ 2,24,149 from just interest first appeared on Rightsofemployees.com.

Pensioners of this scheme will get benefits. Let us know about this special scheme of the government. Under this program, preparations are being made to bring Minimum Assured Return Scheme, which will benefit crores of investors of the country. It can be launched in the National Pension System (NPS) only by the end of this month.

When can the scheme start?

PFRDA chairperson Supratim Bandyopadhyay said, “Right now we are working on the minimum guarantee return scheme. He said that PFRDA understands the impact of inflation and depreciation of rupee on its investors and gives returns accordingly. At present, work is underway on a minimum return scheme in NPS, which will enable investors to get a huge amount. This plan can be launched by the end of this month. Actually, earlier it was planned to launch it by 30 September.

How much return have you got so far?

Supratim Bandopadhyay has informed that in the last 13 years, the National Pension Scheme has given investors returns at the rate of more than 10.27% annually. In fact, to provide relief from rising inflation, efforts are being made to ensure that investors get strong returns under NPS. With the advent of the Guarantee Return Scheme, crores of people of the country will benefit and the number of people applying for the National Pension will also increase rapidly.

Subscribers will become 20 lakhs

Now let’s talk about returns, then the chairperson of PFRDA said that the size of pension assets is Rs 35 lakh crore, out of which 22 percent i.e. total Rs 7.72 lakh crore is with NPS and 40 percent is with EPFO ​​(Employees Provident Fund Organization). The maximum age of joining has now been increased to 70 years, due to which the number of subscribers has increased a lot. Now the total number of subscribers has increased from 3.41 lakhs to 9.76 lakhs.

Know what is NPS?

The Central Government had compulsorily implemented NPS for its employees on 1 January 2004. After this all the states adopted NPS for their employees. After the year 2009, this scheme was also opened to those working in the private sector. After retirement, employees can withdraw a part of NPS, while the rest can take annuity for regular income. Anyone in the age group of 18 to 70 years can take the National Pension Scheme.

The post Good News for Pensioners! ‘Guaranteed return’ will be available under NPS, know the new plan of the government first appeared on Rightsofemployees.com.

Loan facility

If you have got FD done somewhere, then you get the facility of loan in lieu of it. Apart from this, overdraft facility is also available on the basis of loan in many banks. The reason for this is that the amount of FD is in the form of a guarantee with the bank. The bank gives you the loan according to your amount. If you are unable to repay the loan on time, then that loan is covered by your FD amount.

Insurance cover

You are also given the facility of insurance cover on FD by the Deposit Insurance and Credit Guarantee Corporation. Suppose the bank goes bankrupt due to any reason, then you can get an amount of up to five lakhs under the insurance cover along with the return. That is, there is no tension of losing money.

Life insurance

There are also some banks, which also offer the benefit of life insurance on FD. This amount is equal to the amount of FD. This offer is given by the bank to the customers so that they can attract more and more people for FD. However, there is an age limit as well.

Tax benefits

If you make an FD for 5 years or more, then you get a chance to claim tax exemption under section 80C of the Income Tax Act 1961. If you make an FD of less than 5 years, then you will have to pay tax. Apart from this, if the interest received from the bank in any of the five years exceeds 40 thousand rupees, then you will still have to pay tax.

Guaranteed return

Now let’s talk about the benefits that everyone talks about. That is the guaranteed return on FD. Whether you get an FD for one year, for 5 years or for 10 years, you know how much money you will get at the time of maturity. This is the reason why FD is considered a safe investment and in today’s time, even after having all the investment options, people get FD without worry.

The post Fixed Deposit benefits: These 5 great benefits are available on FD with guaranteed return, do you know about them? first appeared on Rightsofemployees.com.

Pensioners of this scheme will get benefits. Let us know about this special scheme of the government. Under this program, preparations are being made to bring Minimum Assured Return Scheme, which will benefit crores of investors of the country. It can be launched in the National Pension System (NPS) itself by 30 September.

Scheme may start from 30th September

PFRDA chairperson Supratim Bandyopadhyay said, “Right now we are working on the minimum guarantee return scheme. He said that PFRDA understands the impact of inflation and depreciation of rupee on its investors and gives returns accordingly. At present, work is underway on a minimum return scheme in NPS, which will enable investors to get a huge amount. Bandopadhyay told that the minimum guarantee scheme can be started from 30 September.

How much return have you got so far?

Supratim Bandopadhyay has informed that in the last 13 years, the National Pension Scheme has given investors returns at the rate of more than 10.27% annually. In fact, to provide relief from rising inflation, efforts are being made to ensure that investors get strong returns under NPS. With the advent of the Guarantee Return Scheme, crores of people of the country will benefit and the number of people applying for the National Pension will also increase rapidly.

Subscribers will become 20 lakhs

Now let’s talk about returns, then the chairperson of PFRDA said that the size of pension assets is Rs 35 lakh crore, out of which 22 percent i.e. total Rs 7.72 lakh crore is with NPS and 40 percent is with EPFO ​​(Employees Provident Fund Organization). The maximum age of joining has now been increased to 70 years, due to which the number of subscribers has increased a lot. Now the total number of subscribers has increased from 3.41 lakhs to 9.76 lakhs.

Know what is NPS

The Central Government had compulsorily implemented NPS for its employees on 1 January 2004. After this all the states adopted NPS for their employees. After the year 2009, this scheme was also opened to those working in the private sector. After retirement, employees can withdraw a part of NPS, while the rest can take annuity for regular income. Anyone in the age group of 18 to 70 years can take the National Pension Scheme.

The post PFRDA: Good News for Pensioners! ‘Guaranteed return’ will be available under NPS, know the new plan of the government first appeared on Rightsofemployees.com.