Government Scheme: If you want good returns on your money without any risk, then post office time deposit can be a great option.
Stock market currently (Stock market) Heavy ups and downs are being seen in which both small cap and large cap are being affected.
In such a situation, if you want a certain and safe return, then this post office scheme can prove to be beneficial for you.
What is the specialty of post office time deposit
Big advantage in low investment: Can start investment from just Rs 1,000, no limit for maximum investment.
Government Guarantee: This is a safe investment scheme, in which there is no risk of capital drowning.
Tax Savings: There is a benefit of tax exemption under Section 80C on 5 -year TD.
Withdrawal facility: Partial withdrawal is allowed after 6 months, although some penalty may be imposed.
Auto-Renual: After maturity, there is also an option to renew it on its own.
How much return will be given on investment of Rs 10 lakh?
If an investor invests Rs 10 lakh in post office time deposit for 5 years, then he will get an interest rate of 7.5%.
The total interest on this will be Rs 4,49,949 and the total amount on maturity will reach Rs 14,49,949. Interest is compound every quarter, which increases the return.
Why invest in this scheme?
Protected from market fluctuations
-It the definite returns of any risk
-Government guarantee, money completely safe
-The tax saving and more profits during the long period
If you want to earn good interest while keeping your money safe, then Post Office Time Deposit can be an ideal investment option for you.
