Post Office Scheme: In this great scheme of Post Office, you will get a return of Rs 10,14,964 on depositing money for 5 years

 | 
vasfasfa

Do you want to keep your money safe and get good returns? Get the benefit of 7.5% interest by investing in Post Office FD scheme. Know how this scheme is beneficial for everyone and will make your investment profitable!

Post Office Scheme: Post Office schemes are considered ideal for people of all ages and classes. Post Office Fixed Deposit Scheme is especially for those who want to get better returns while keeping their money safe. Be it children or elderly, everyone can invest in it. This scheme is available for everyone and in this your money remains safe with government guarantee.

Benefits of Post Office FD Scheme

In this scheme, you can deposit money for 1 year, 2 years, 3 years, and 5 years, and avail the interest rate as per your investment period. There is no limit on the number of accounts you can open. A PAN card will be required for investing a higher amount. Under this scheme, an account can be opened for a person of any age. If an account is opened for a child below 10 years of age, then his/her parents can operate this account.

How much return will you get on investment?

The interest earned on your investment in the Post Office FD scheme can be calculated as follows:

See also

  • If you invest ₹7 lakh for 1 year, as per 6.9% interest rate, you will get ₹7,49,564 after a year, which includes ₹49,564 as interest.
  • By investing ₹7 lakh for 2 years at an interest rate of 7%, you will get ₹8,04,217, of which ₹1,04,217 will be interest.
  • By investing ₹7 lakh for 5 years at an interest rate of 7.5%, the total amount will be ₹10,14,964, in which a profit of ₹3,14,964 will be received in the form of interest.

The point to note here is that the longer the period for which you invest, the higher the returns you can get.

Account opening process

Opening an account in the Post Office FD scheme is simple. You just have to go to the nearest post office and open your account. For this you need to have Aadhar card, PAN card and some other KYC documents. There is no specific age limit to invest in this scheme, so any person can take advantage of it.

Why Choose Post Office FD Scheme?

  • Security: This is a government scheme, so your money is completely safe here.
  • Returns: It gives good returns as compared to other normal savings accounts.
  • Flexibility: You can open the account for 1, 2, 3, or 5 years as per your requirement.
  • Source of regular income: Due to good interest rates, it can become a source of regular income.

PC:NEBIO