Utility News: In this scheme of the post office, you will get 13 lakh rupees in one lakh to five years, know
Many people invest in post office schemes. They have more faith in the post office scheme. Today we are going to give you information about a post office scheme from which you can get big benefits.
Under this scheme, you can get 13 lakh rupees in one lakh to 5 years. The post office term deposit scheme will be beneficial for you. One can invest in this scheme for different tenures up to 1, 2, 3, and 5 years.
According to reports, the interest rate on 5-year term deposits in post offices is 6.7 percent per annum. Accordingly, under the term deposit scheme with a maturity period of 5 years with a deposit of Rs 1 lakh, you can get Rs 139407 after five years at an interest rate of 6.7 percent per annum. The annual interest rate on term deposits ranging from 1 to 3 years is 5.5%. Under the post office scheme, a person of 18 years can open an account. However, the account of children above the age of 10 years can also be opened under the supervision of family members.