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…

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.  

The post Post Office’s Superhit Scheme…You Will Earn ₹450000 From Interest Only, Invest Money Only Once first appeared on Rightsofemployees.com.

The government is giving 7.5% interest in this scheme

The Post Office runs saving schemes for all age groups, be it children, old people, young people or women. If we talk about the Post Office Time Deposit Scheme, then it gives good returns, safe investment as well as the benefit of tax exemption, which makes it even more popular. The money has to be invested in this scheme for five years. If we talk about interest, then the government is offering a whopping 7.5% interest to the investors in this scheme, which means, this Saving Scheme is ahead in terms of giving returns also.

This much interest on different tenures

Under the Post Office Time Deposit scheme, investors can invest for different tenures. Money can be deposited for 1 year, 2 years, 3 years and 5 years. On investing for one year, one gets an interest of 6.9 percent, while on investing money for 2 or 3 years, the rate has been fixed at 7 percent. If one invests in this post office scheme for 5 years, then the investors get interest at the rate of 7.5 percent.

Calculation of earning of Rs 2 lakh from interest

This scheme of Post Office is also special because in this the investors can earn up to Rs 2 lakh from interest alone. Its calculation is very easy. In fact, if we look at the income from interest on time deposit, if an investor has invested Rs 5 lakh in this Post Office Scheme for five years, then at the rate of 7.5 percent, he will get a return of Rs 2,24,974 on the deposit in this period and if we add this, then the total amount will increase to Rs 7,24,974 on maturity. It means that you will earn more than Rs 2 lakh from interest alone.

Tax exemption is also available

in the Time Deposit scheme. Under Section 80C of the Income Tax Act 1961, the customer is also given the benefit of tax exemption. In this saving scheme, either a single account or a joint account can be opened. The account of a child above 10 years of age can be opened through his/her family member. In this, an account can be opened with a minimum of Rs. 1,000. In which interest money is added on an annual basis. There is no limit on the maximum investment, which means that the more money you invest, the more your interest income will increase.

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The post Post Office Best Scheme: You can earn 2 lakh rupees from interest only, know all details first appeared on Rightsofemployees.com.

Interest rates range from 6.9% to 7.5%, which is higher than other banks. Tax benefits are also available in this scheme. This scheme is available for all age groups…

National Desk: If you are looking for better returns along with keeping your money safe, then the Post Office Time Deposit Scheme can be a great option for you. This scheme is not only safe, but the interest received in it is also attractive, which makes it special compared to other investment options.

What is Post Office Time Deposit Scheme?

Post Office Time Deposit Scheme is a savings scheme, which is run by the Indian Postal Department. This scheme is for those who want to keep their money safe and want better returns in a fixed time period. There is no age limit for investment in this scheme, that is, anyone from children to the elderly can take advantage of this scheme.

Scheme Features

1. Investment period: In this scheme, you can invest for a period of 1, 2, 3 or 5 years. This flexibility helps you choose the right option according to your financial plans.

2. Interest Rate: The interest rate in this scheme is fixed according to different tenures:

– 1 year tenure: 6.9% interest

– 2 to 3 years tenure: 7% interest

– For 5 years: 7.5% interest

These rates are better than other bank’s fixed deposit schemes, making this scheme more profitable.

3. Security: This scheme comes under government security, so your money is completely safe.

4. Tax Benefit: By investing in this scheme, you can also get the benefit of tax exemption under income tax, which further increases your total savings.

How to invest?

Investing in this scheme is very easy. All you have to do is go to your nearest post office and fill an application form. Along with the application form, you also have to submit documents of your identity and proof of address. The minimum investment amount is Rs 1,000, and you can deposit the amount as per your convenience. You can also invest multiple times in this scheme.

Interest calculation and returns

Now let’s see what benefits you can get by investing in this scheme. Suppose you invest Rs 5 lakh for 5 years. In this case, you will get around Rs 7,24,974 after maturity. Out of this, Rs 2,24,974 will be in the form of interest only. Similarly, if you invest Rs 2 lakh, you will get around Rs 2,89,990 on maturity. The interest you earn on this will be around Rs 89,990.

Long-term benefits

If you are thinking of investing your money for a long period, then this scheme may be better for you. In a period of 5 years, you will not only get good interest, but your investment will also be safe. This will give you financial stability and you will be prepared for unexpected expenses in the future. If you are looking for better returns along with keeping your money safe, then the Post Office Time Deposit Scheme is an excellent option for you. Investing in this scheme will not only give you higher interest rates but it will also help in your long term savings.

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Many people plan to invest for the future. In these, people invest in different schemes. In which they can get good returns. Many people invest in stocks. Many people invest in mutual funds. Some invest in property. And some people invest in savings schemes.

The Government of India also runs many good savings schemes for the people. One of these is the post office scheme. In which very good returns are available. In the post office time deposit scheme, people earn lakhs of rupees just from the interest. Currently, up to 7.5 percent interest is being given in this.

In this scheme, you can invest for 1 year, 2 years, 3 years and 5 years. For 1 year, you will get 6.9 percent interest, for 2 and 3 years, 7 percent, while for 5 years, you get 7.5 percent interest. If you invest 5 lakhs for 5 years, then after 5 years you will get an interest of 2,24,974 at an interest rate of 7.5 percent. That means the total amount will be 7,24,974 rupees.

To apply for the scheme, you will have to go to the post office with the required documents. You can fill the form for the scheme there and submit it along with the required documents.

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The post Post Office great plan: You will get interest worth lakhs in this scheme of post office, let us tell you how to apply first appeared on Rightsofemployees.com.

This scheme is suitable for investors of different age groups, be it children, youth or elderly. Its specialty is that the money invested in it remains safe and you expect good returns.

When you invest in this scheme, not only do you keep your money safe, but you can also get better returns through it. Another big benefit of this scheme is that you also get the benefit of tax exemption, which increases your total savings even more.

Attractive interest rates

Investments under this scheme can be made for different time periods:

• For 1 year : 6.9% interest
• For 2 and 3 years : 7% interest
• For 5 years : 7.5% interest

Earnings Estimation

If an investor has invested Rs 5 lakh in the Post Office Time Deposit Scheme, it is an attractive financial decision as this scheme is offering an interest rate of 7.5% for a period of 5 years. Let us analyse this investment in detail.

The post Post Office’s great scheme… you can earn 2 lakh rupees from interest only first appeared on Rightsofemployees.com.

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.

The post Post Office Time Deposit Scheme Interest Rate And Benefits, Know All Details Here first appeared on Rightsofemployees.com.

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.

The post Post Office Time Deposit Scheme Interest Rate And Benefits, Know All Details Here first appeared on Rightsofemployees.com.

Interest is available at 7.5 percent.

Everyone wants to save some of their earnings and invest it in a place where their money remains safe and they can get excellent returns on it. In this matter, small savings schemes run by the post office are now proving to be very popular. Talking about Post Office Time Deposit Scheme, it offers huge interest as well as great benefits. The interest received on investment in this scheme is 7.5 percent.

There was a change in the interest rates in April.

The interest rates of small savings schemes (Govt Small Saving Schemes) are revised by the government every three months and on April 1, 2023 itself, this post office time deposit for a period of five years is revised. The interest rate available in the scheme was increased from 7 percent to 7.5 percent. With this interest rate, this post office scheme is one of the best savings schemes because it is becoming popular among investors due to the guaranteed income.

You can invest for these tenures.

Investors can invest in this saving scheme of Post Office for different tenures. Under this, money can be deposited for 1 year, 2 years, 3 years and 5 years. If you invest for one year, you get 6.9 percent interest, if you invest money for 2 or 3 years, you get 7 percent interest and if you invest in Post Office Time Deposit Scheme for 5 years, you get 7.5 percent interest. . However, it takes more than five years for the customer’s investment to double.

Earning of more than Rs 2 lakh from interest:

If we look at the calculation of doubling of investors’ money in post office time deposit, then suppose a customer invests Rs 5 lakh for five years and he gets interest at the rate of 7.5 percent on it. Then during this period he will get interest of Rs 2,24,974 on the deposit and the total maturity amount including the investment amount will increase to Rs 7,24,974. That means you can earn guaranteed income of lakhs of rupees by investing in it.

Benefit of tax exemption is also available.

In Time Deposit Scheme, the customer is also given the benefit of tax exemption under Section 80C of the Income Tax Department Act 1961. In this savings scheme, single account or joint account can be opened. The account of a child above 10 years of age can be opened through his family member. In this, an account can be opened with a minimum of Rs 1,000. In which interest money is added on annual basis.

The post Best Post Office Saving Scheme! Invest money once, you will earn more than Rs 2 lakh only from interest first appeared on Rightsofemployees.com.

Everyone wants to save some of their earnings and invest it in a place where their money remains safe and they can get excellent returns on it. In this matter, small savings schemes run by the post office are now proving to be very popular. One such scheme is Post Office Time Deposit Scheme, in which the amount invested doubles in a fixed time. The interest on this is also excellent. Let us know the complete details from the benefits available in this scheme to opening the account…

Excellent interest of 7.5% in this scheme.

Post Office Saving Schemes have emerged as a good option to invest your savings safely and get good returns on it. At the same time, Post Office Time Deposit Scheme has received tremendous response from customers, because this scheme is a savings scheme that doubles the money of investors. In this, you get more interest on investment from the bank. The government is giving interest at the rate of 7.5 percent to those investing in this scheme.

You can invest for these tenures.

Investors can invest in this saving scheme of Post Office for different tenures. Under this, money can be deposited for 1 year, 2 years, 3 years and 5 years. If you invest for one year, you get 6.9 percent interest, if you invest money for 2 or 3 years, you get 7 percent interest and if you invest in Post Office Time Deposit Scheme for 5 years, you get 7.5 percent interest. . However, it takes more than five years for the customer’s investment to double.

It will take so many years for the money to double.

If we look at the calculation of doubling of investors’ money in post office time deposit, then suppose a customer invests Rs 5 lakh for five years and he gets interest on it at the rate of 7.5 percent, then During this period, he will earn interest of Rs 2,24,974 on the deposit and the total maturity amount including the investment amount will increase to Rs 7,24,974.

Whereas if the money invested in time deposit scheme is kept invested for 9.6 years, then you will get double the deposited amount. That means the money will double after investment of 114 days.

Benefit of tax exemption is also available.

In Time Deposit Scheme, the customer is also given the benefit of tax exemption under Section 80C of the Income Tax Department Act 1961. In this savings scheme, single account or joint account can be opened. The account of a child above 10 years of age can be opened through his family member. In this, an account can be opened with a minimum of Rs 1,000. In which interest money is added on annual basis

The post Post office time deposit scheme is best for saving money double in 114 month, know details first appeared on Rightsofemployees.com.

. It is just like the fixed deposit of the bank. However, money can be deposited in this only for four different tenures. POTD ie Post Office Time Deposit can be opened for 1 year, 2 years, 3 years and 5 years. Interest is calculated on a quarterly basis, but paid annually.

Interest is available up to 7.5 percent

According to the information available on India Post’s website, there has been a change in the interest rate from April 1. At present, 6.8 per cent interest is available on 1-year time deposit, 6.9 per cent on 2-year period, 7 per cent on 3-year period and 7.5 per cent on 5-year period. A minimum investment of Rs 1000 can be made. There is no maximum investment limit.

2.25 lakh interest on 5 lakh

Tax deduction is also available under section 80C of the Income Tax Act on time deposits of 5 years. According to the Post Office Calculator, if an investor deposits Rs 5 lakh in the Time Deposit Scheme for 5 years, then he will get a total of Rs 2 lakh 24 thousand 974 as interest. The annual average return called CAGR is 7.71 percent. After completion of five years, you will also get back the principal amount of Rs 5 lakh.

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Why invest in Post Office Time Deposit?

1>> Post office time deposit account is similar to bank FD. In this, the revision of the interest rate is done on a quarterly basis. It can be opened for 1, 2, 3 and 5 years.

2>> It offers minimum interest of 6.8 per cent and maximum interest of 7.5 per cent. This is higher than the average returns of banks.

3>> Revision of Interest Paytm is done on quarterly basis. The rate of bank FD depends on the repo rate of the Reserve Bank to a great extent. Every two months, the Reserve Bank takes a decision on the repo rate.

4>> Pre-mature closure of post office time deposit account can also be done.

5>> Post office time deposit account can also be extended within a fixed period. Apart from this, emergency fund can also be arranged by pledging it at the time of need.

The post Post Office Bumper Return! On depositing 5 lakhs, only interest will get 2.25 lakh rupees, check details first appeared on Rightsofemployees.com.

. It is just like the fixed deposit of the bank. However, money can be deposited in this only for four different tenures. POTD ie Post Office Time Deposit can be opened for 1 year, 2 years, 3 years and 5 years. Interest is calculated on a quarterly basis, but paid annually.

Interest is available up to 7.5 percent

According to the information available on India Post’s website, there has been a change in the interest rate from April 1. At present, 6.8 per cent interest is available on 1-year time deposit, 6.9 per cent on 2-year period, 7 per cent on 3-year period and 7.5 per cent on 5-year period. A minimum investment of Rs 1000 can be made. There is no maximum investment limit.

2.25 lakh interest on 5 lakh

Tax deduction is also available under section 80C of the Income Tax Act on time deposits of 5 years. According to the Post Office Calculator, if an investor deposits Rs 5 lakh in the Time Deposit Scheme for 5 years, then he will get a total of Rs 2 lakh 24 thousand 974 as interest. The annual average return called CAGR is 7.71 percent. After completion of five years, you will also get back the principal amount of Rs 5 lakh.

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Why invest in Post Office Time Deposit?

1>> Post office time deposit account is similar to bank FD. In this, the revision of the interest rate is done on a quarterly basis. It can be opened for 1, 2, 3 and 5 years.

2>> It offers minimum interest of 6.8 per cent and maximum interest of 7.5 per cent. This is higher than the average returns of banks.

3>> Revision of Interest Paytm is done on quarterly basis. The rate of bank FD depends on the repo rate of the Reserve Bank to a great extent. Every two months, the Reserve Bank takes a decision on the repo rate.

4>> Pre-mature closure of post office time deposit account can also be done.

5>> Post office time deposit account can also be extended within a fixed period. Apart from this, emergency fund can also be arranged by pledging it at the time of need.

The post Post Office Bumper Return! On depositing 5 lakhs, only interest will get 2.25 lakh rupees, check details first appeared on Rightsofemployees.com.

. It is just like the fixed deposit of the bank. However, money can be deposited in this only for four different tenures. POTD ie Post Office Time Deposit can be opened for 1 year, 2 years, 3 years and 5 years. Interest is calculated on a quarterly basis, but paid annually.

Interest is available up to 7.5 percent

According to the information available on India Post’s website, there has been a change in the interest rate from April 1. At present, 6.8 per cent interest is available on 1-year time deposit, 6.9 per cent on 2-year period, 7 per cent on 3-year period and 7.5 per cent on 5-year period. A minimum investment of Rs 1000 can be made. There is no maximum investment limit.

2.25 lakh interest on 5 lakh

Tax deduction is also available under section 80C of the Income Tax Act on time deposits of 5 years. According to the Post Office Calculator, if an investor deposits Rs 5 lakh in the Time Deposit Scheme for 5 years, then he will get a total of Rs 2 lakh 24 thousand 974 as interest. The annual average return called CAGR is 7.71 percent. After completion of five years, you will also get back the principal amount of Rs 5 lakh.

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Why invest in Post Office Time Deposit?

1>> Post office time deposit account is similar to bank FD. In this, the revision of the interest rate is done on a quarterly basis. It can be opened for 1, 2, 3 and 5 years.

2>> It offers minimum interest of 6.8 per cent and maximum interest of 7.5 per cent. This is higher than the average returns of banks.

3>> Revision of Interest Paytm is done on quarterly basis. The rate of bank FD depends on the repo rate of the Reserve Bank to a great extent. Every two months, the Reserve Bank takes a decision on the repo rate.

4>> Pre-mature closure of post office time deposit account can also be done.

5>> Post office time deposit account can also be extended within a fixed period. Apart from this, emergency fund can also be arranged by pledging it at the time of need.

The post Super Return of Post Office: On depositing 5 lakhs, only interest will get 2.25 lakh rupees, check details first appeared on Rightsofemployees.com.

. It is just like the fixed deposit of the bank. However, money can be deposited in this only for four different tenures. POTD ie Post Office Time Deposit can be opened for 1 year, 2 years, 3 years and 5 years. Interest is calculated on a quarterly basis, but paid annually.

Interest is available up to 7.5 percent

According to the information available on India Post’s website, there has been a change in the interest rate from April 1. At present, 6.8 per cent interest is available on 1-year time deposit, 6.9 per cent on 2-year period, 7 per cent on 3-year period and 7.5 per cent on 5-year period. A minimum investment of Rs 1000 can be made. There is no maximum investment limit.

2.25 lakh interest on 5 lakh

Tax deduction is also available under section 80C of the Income Tax Act on time deposits of 5 years. According to the Post Office Calculator, if an investor deposits Rs 5 lakh in the Time Deposit Scheme for 5 years, then he will get a total of Rs 2 lakh 24 thousand 974 as interest. The annual average return called CAGR is 7.71 percent. After completion of five years, you will also get back the principal amount of Rs 5 lakh.

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Why invest in Post Office Time Deposit?

1>> Post office time deposit account is similar to bank FD. In this, the revision of the interest rate is done on a quarterly basis. It can be opened for 1, 2, 3 and 5 years.

2>> It offers minimum interest of 6.8 per cent and maximum interest of 7.5 per cent. This is higher than the average returns of banks.

3>> Revision of Interest Paytm is done on quarterly basis. The rate of bank FD depends on the repo rate of the Reserve Bank to a great extent. Every two months, the Reserve Bank takes a decision on the repo rate.

4>> Pre-mature closure of post office time deposit account can also be done.

5>> Post office time deposit account can also be extended within a fixed period. Apart from this, emergency fund can also be arranged by pledging it at the time of need.

The post Post Office Bumper Return! On depositing 5 lakhs, only interest will get 2.25 lakh rupees, check details first appeared on Rightsofemployees.com.

No change has been made in the interest rates only regarding the Public Provident Fund. According to the information available on the website of India Post, now the interest rate on Time Deposits of 5 years has increased to 7.5 percent. The new interest rate is applicable from 1 April. Earlier only 7 percent interest was being received on this scheme.

Interest paid annually

Interest is paid on an annual basis in the post office time deposit account, while the interest is calculated on a quarterly basis. At least 1000 rupees can be invested in this. There is no maximum investment limit. If an investor deposits 5 lakh rupees for 5 years, then know how much interest he will get.

Will get interest of Rs 2.25 lakh in 5 years

According to the post office time deposit calculator, a total of Rs 2 lakh 24 thousand 974 will be received as interest at the current rate (7.5 percent) in 5 years on a lump sum investment of Rs 5 lakh. On maturity, the principal amount of 5 lakh will also be returned.

18 thousand rupees more interest than before

For the first 5 years time deposit was getting 7% interest. At this rate, the total amount of interest in five years was 2 lakh 7 thousand rupees. After the increase in the interest rate, now about 18 thousand rupees more will be available.

Features of Post office time deposit accounts

Talking about the features of Post office time deposit accounts, it can be opened for 1 year, 2 years, 3 years and 5 years. The interest rate on these has increased to 6.8 per cent, 6.9 per cent, 7 per cent and 7.5 per cent. Interest will be paid on annual basis. After the maturity of the account, it can be extended for the same time period.

The post Post office Superhit Plan! Deposit 5 lakhs and you will get ₹7.25 lakhs at maturity, know all details first appeared on Rightsofemployees.com.

Till these days interest is also getting strong on getting FD. Whether it is a bank or a post office, the return on investment is good everywhere. If you also want to invest in fixed deposits, then Time Deposit Scheme (Post Office TD Account) is a great option. Deposit Rs 1 lakh in lump sum and forget it for 5 years. Not only will you get strong returns on maturity, you can also claim tax exemption under section 80C of the Income Tax Act on time deposits of 5 years.

Get guaranteed return

There is a time deposit scheme for Fixed Deposit in the post office. In this, the option of investing 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. It is also called National Savings Time Deposit Account in the post office. At present, a guaranteed return of 7% is available. You can take advantage of this till 31 March 2023. After this, the government can review and revise the interest.

For what period is the return?

How much money will be received by investing 1 lakh rupees?

At present, 7% interest is being received on investment in Post Office’s 5-year time deposit. If you invest Rs 1 lakh in this scheme together, then you will get a total of Rs 1,41,478 on maturity. In this, Rs 41,478 will be earned 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 Great Post Office Deposit Plan: Bumper returns on maturity on FD of ₹ 1 lakh for 5 years in the post office first appeared on Rightsofemployees.com.