Investment: In this amazing scheme of Post Office, you get a good interest of Rs 2 lakh after investing for 5 years..

Along with Bank FD, the Post Office Saving Scheme is also very popular for investment. By investing in the Post Office Saving Scheme, you can get more returns along with savings. Although there are many saving schemes for the Post Office, among these Post Office Time Deposit Scheme is quite popular.

By investing in this scheme, you can also take advantage of a high interest rate. The government is taking a strong interest in this scheme. We will tell you about this scheme.

About Post Office Time Deposit Scheme

Anyone can invest in this scheme of Post Office. That is, there is no age limit for investment in this scheme. In this, along with high interest, one also gets the benefit of tax benefits. The government is currently giving 7.5 percent interest in this scheme. This scheme matures in a maximum of five years. If we talk about returns, then it gives more returns than other post office schemes.

Interest rate of post office time deposit scheme
The interest rate of different tenures on the post office time deposit scheme is different.

6.9 percent interest is being given on a 1-year tenure.

7 percent interest is being given on a 2 to 3-year deposit scheme.

A 7.5 percent interest rate is being given on investment for 5 years.

Interest will earn lakhs.
If you calculate the interest rate of a post office time deposit, then interest of up to lakhs of rupees can be obtained from it. Understand it like this if you invest Rs 5 lakh for five years, then you will get a total of Rs 7,24,974 after maturity. Out of this, Rs 2,24,974 will be for interest.

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