Post office has a great scheme for investing, you will get a profit of more than 2 lakhs from interest alone

Post Office's Time Deposit Scheme is a very special scheme. By investing in this scheme, you can get returns with a very good interest rate. In this scheme, you can invest your money for 1, 2, 3 and 5 years

Post office has a great scheme for investing, you will get a profit of more than 2 lakhs from interest alone

Whenever it comes to investing, most people think of FD. Most investors prefer to invest in FD because the return on FD is fixed. There is also no fear of losing money, but apart from FD, there are many such schemes in which you can invest and earn profits of lakhs. Today we will tell you about one such government scheme of post office, in which you can earn profits of more than 2 lakhs by investing.

Post Office Time Deposit Scheme

Post Office Time Deposit Scheme is a very special scheme. By investing in this scheme, you can get a return with a very good interest rate. In this scheme, you can invest your money for 1, 2, 3 and 5 years. The interest rates in this scheme on investment for a period of 1 year are 6.9 percent. At the same time, the interest rates for investment for a period of 2 and 3 years are 7 percent. Apart from this, if you invest in this scheme for a period of 5 years, then you will get a return at an interest rate of 7.5 percent.

By investing like this, you can earn more than 2 lakh rupees

If you invest Rs 5 lakh in the Post Office Time Deposit Scheme for a period of 5 years, you will get a return at an interest rate of 7.5 percent. In this case, you will get a total of Rs 7,24,974 on maturity. Out of this, Rs 2,24,974 will be your profit only. Not only this, in the Post Office Time Deposit Scheme, you are also given the benefit of tax exemption under Section 80C of the Income Tax Department Act 1961.

PC: The Economic times