The post office is giving its customers interest ranging from 6.9 percent to 7.5 percent on FD. FD accounts can be opened in the post office for 1 year, 2 years, 3 years and 5 years. Today we will tell you how you can get a fixed interest of Rs 89,989 by depositing Rs 2 lakh in these schemes of the post office.

FD accounts are opened in the name of TD in the post office

In the post office, 6.9 percent interest is being given on 1 year FD, 7.0 percent on 2 year FD, 7.1 percent on 3 year FD and 7.5 percent on 5 year FD. Let us tell you that FD in the post office is known as TD i.e. Time Deposit. The TD scheme of the post office is exactly like the FD scheme of banks, where investors get fixed interest with guarantee. Let us tell you that the post office is controlled by the central government. Therefore, every penny deposited in this scheme is completely safe and you get fixed interest on it with guarantee.

If you deposit Rs 2,00,000 then you will get fixed interest of Rs 89,989

The post office is giving the highest interest of 7.5 percent on 5-year TD. If you deposit Rs 2,00,000 in a 5-year TD in the post office, you will get a total of Rs 2,89,989 on maturity. This includes Rs 89,989 fixed and guaranteed interest in addition to the Rs 2,00,000 deposited by you. Let us tell you that the post office gives the same interest to all its customers on TD account, whether he is a common citizen or a senior citizen.

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The post Post Office’s great Plan: Deposit ₹2,00,000 and get fixed interest of ₹89,989. Check all Details first appeared on Rightsofemployees.com.

FD means Fixed Deposit, you will get this option in all the banks. But if you want, this time you can try Post Office FD instead of bank. Post Office FD is called Post Office Time Deposit. You get the option of FD for 1, 2, 3 and 5 years in the post office. If you deposit money in it for 10 years, then you can more than double your amount. At present, interest is being received at the rate of 7.5 per cent on 5-year FD.

Know how to make double more money

At present, interest is available on post office FD at the rate of 7.5 percent. Suppose you deposit Rs 5 lakh in the post office, then at the rate of 7.5 percent you will get interest of Rs 2,24,974 lakh on it. In this way, in 5 years your amount will become Rs 7,24,974. Now if you deposit it again for 5 more years, then this amount will mature to Rs 10,51,175, which is more than double.

Interest on FD of one to five years

If fixed for 1 year – 6.9% If
fixed for 2 years – 7.0% If
fixed for 3 years – 7.0% If
fixed for 5 years – 7.5%

The post Post Office’s great Plan! Deposit Rs 5 lakh for 10 years in this post office scheme, you will get Rs 10,51,175, which means more than double profit. first appeared on Rightsofemployees.com.