Post Office Scheme: Today we are going to tell you about a great scheme of Post Office, in which you can get huge returns over time.
Post Office Scheme: Post Office is quite famous for offering many great schemes to its customers. Many people invest in post office schemes compared to banks. Being government, post office schemes are liked by most of the people. There are many post office schemes which are known to give strong returns, one of which we are going to tell you about today. You can get excellent returns by investing in this amazing scheme.
Post office scheme will give strong returns
Actually, we are talking about the Time Deposit Scheme of the Post Office. You can get a good return by investing in this scheme. Investors can get a chance to earn lakhs of rupees on their investments. Let us know in detail about the time deposit scheme of the post office.
What is the interest rate in time deposit scheme?
Talking about Time Deposit Scheme Interest Rate of Post Office, investors get 7.5 percent interest rate in this scheme. Investors can invest in it with different tenures. Investors get the option to invest money with tenures of 1 year, 2 years, 3 years, 4 years and 5 years.
How much interest on investment for how many years?
If you invest for 1 year in the Post Office Time Deposit Scheme (Time Deposit Scheme Eligibility), you will get interest up to 6.9 percent. Whereas, investing with a tenure of 2 or 3 years will get the benefit of 7 percent interest rate and investing for a tenure of 5 years will get the benefit of 7.5 percent interest rate.
Post Office Time Deposit Scheme Calculator
For example, if you invest at least Rs 5 lakh in a time deposit scheme for a period of 5 years, then you will get interest at the rate of 7.5 percent. Calculating this, you will get Rs 2,24,974 interest on Rs 5 lakh for 5 years at 7.5 percent interest rate. On maturity, you can get a total of Rs 7,24,974 after 5 years. In this way you can earn lakhs of rupees by investing in the time deposit scheme of the post office.