post office
Post Office’s savings scheme is quite popular among small investors. The reason for this is that there is no risk at all on investment in post office savings schemes because it is guaranteed by the government. At the same time, interest is also higher than that of banks. Today we are telling you about Time Deposit (TD), an excellent savings scheme of the post office. This is an investment scheme similar to FD of the bank. In this, investors can invest their money for 1 to 5 years. In this saving scheme, interest is available at the rate of 6.9% for 1 year, 7.0% for 2 years, 7.1% for 3 years and 7.5% for 5 years. Let us know how much money you will get on maturity if you invest Rs 1 lakh in this scheme.
How much interest will you get on depositing Rs 1 lakh?
For 1 year deposit: You will get Rs 7,080 interest; Total maturity amount will be Rs 1,07,080 On 2 year deposit: You will get interest of Rs 14,888, total maturity amount will be Rs 1,14,888. On 3 years deposit: You will get interest of Rs 23,508, total maturity amount will be Rs 1,23,508. On 5 years deposit: You will get Rs 44,995 interest, total maturity amount will be Rs 1,44,995.
How much interest will you get on depositing Rs 2 lakh?
On 1 year deposit: You will get Rs 14,161 interest, total maturity amount will be Rs 2,14,161. On 2 years deposit: You will get interest of Rs 29,776, total maturity amount will be Rs 2,29,776. On 3 years deposit: You will get Rs 47,015 interest, total maturity amount will be Rs 2,47,015. On 5 years deposit: You will get Rs 89,989 interest, total maturity amount will be Rs 2,89,989.
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