Post Office Scheme: Today in this news we are going to tell you about a scheme of Post Office in which you can get a good return by investing Rs 5 lakh. If you want good income without risk then you can invest in a special scheme of the post office. In such a situation, let us know the complete details related to this scheme in the news below….
Post Office Best Return Scheme: Want to secure your tomorrow with today? If yes, then you can adopt a special scheme of the post office. By investing Rs 5 lakh you can get a good return in it. Being government, Post Office Saving Schemes is one of the risk-free schemes, in which one also gets the benefit of guaranteed returns. If you want good income without risk then you can invest in a special scheme of the post office. Let us know about it.
Great scheme of post office!
Actually, we are talking about the great scheme Time Deposit (TD) of the post office. This is a small savings scheme with a tenure of 1, 2, 3, 4 and 5 years. In this, a lump sum amount can be deposited for maturity. In this scheme, annual interest benefit is available on the deposited amount.
Time Deposit Interest Rate Benefits-
- The annual interest rate on a tenure of 1 year is 6.90 percent.
- The annual interest rate on a tenure of 2 years is 7 percent.
- The annual interest rate on a tenure of 3 years is 7 percent.
- The annual interest rate on a tenure of 5 years is 7.5 percent.
Interest of Rs 2.25 lakh on Rs 5 lakh-
If you invest Rs 5 lakh in the post office TD scheme with a tenure of 5 years, you will get Rs 7,24,974 at the time of maturity. By investing Rs 5 lakh, your income after 5 years will be Rs 2,24,974. You can avail its benefit in the form of fixed deposit.
Minimum investment in Post Office TD-
You can open single or joint account in Post Office TD Scheme. The minimum amount for this is Rs 1000. In this, investment can be made every month in multiples of Rs 1 thousand. Whereas, there is no limit on maximum investment. This scheme, which comes under Section 80C of Income Tax, has tax exemption on TD for 5 years.
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