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.

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Unity Small Finance Bank is offering 9.5% interest to senior citizens on 1001 days FD. However, 9 percent interest is being given to retail investors on this. Bank retail investors are getting 8.75 per cent and senior citizens 9.25 per cent interest on the 501-day fixed deposit scheme of Unity Small Finance Bank.

Utkarsh Small Finance Bank is giving up to 9% interest on 700 days

FD Utkarsh Small Finance Bank is giving 8.25% interest to general investors and 9.00% to senior citizens on 700 days FDs. The bank is giving an interest rate of 7.50% to general customers and 8.25% to senior citizens on fixed deposits (FDs) of 701 days to 5 years.

Equitas Small Finance Bank is giving up to 9% interest for 888 days.

Equitas Small Finance Bank is giving up to 8.5% interest to common people and up to 9% interest to senior citizens on FDs of 888 days. Recently, the bank has changed the interest rates for FDs of less than Rs 2 crore. According to the official website of the bank, the new FD interest rates have come into effect from April 11, 2023.

The pace of increase in the repo rate has stopped after 6 consecutive shocks.

Recently, the Reserve Bank of India (RBI) has given great relief to the common man. Actually, in the first MPC meeting of the new financial year, it has been announced to keep the repo rate stable. The repo rate has been retained at 6.50 per cent. Earlier, RBI had increased the repo rate by 2.50 percent from May 2022 to February 2023.

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