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Post office schemes are a great option for those who want to earn guaranteed returns without any risk. We are going to tell you about one such great post office scheme in which a fund of up to 1 lakh 23 thousand can be created by investing 1 lakh rupees.
If you also want to invest in such a scheme where your money is safe and you get guaranteed returns along with good interest, then post office savings schemes are a great option for you. Meanwhile, we are going to tell you about a post office scheme in which you can create a fund of Rs 1,23,508 by investing Rs 1 lakh. That is, you will get a direct benefit of Rs 23,508 and that too without any risk. Let us know about this amazing scheme and understand its complete calculation.
Post Office TD Scheme: A better option than bank FD
The post office time deposit scheme works just like the FD of banks. In this, you deposit money for a fixed time and get the entire money back along with the fixed interest on maturity. The interest rates on the post office FD scheme are slightly better than banks. In this scheme, the interest rate for 1 year is 6.9%, the interest rate for 2 years is 7.0%, the interest rate for 3 years is 7.1% and the interest rate for 5 years is 7.5%.
You will get this much benefit on 3 year FD scheme
If you deposit Rs 1 lakh in post office FD for 3 years, then after 3 years you will get a total of Rs 1,23,508. This means you will get fixed and guaranteed interest of Rs 23,508. This is a very safe investment.
Special features of Post Office TD Scheme
You can start investing in this scheme from Rs 1000. There is no maximum limit of investment in this. In this scheme, you can open a single account as well as a joint account. In banks, senior citizens get higher interest on some FDs, but in the post office, all customers are given the same interest rate. So that everyone can benefit equally.
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