If you deposit 5 lakhs, you will get Rs 7,24,974 on maturity
Post Office Saving Schemes: Many banks have also cut the interest rates of FD after the Reserve Bank of India (RBI) cut the repo rate. However, the post office ie the post office has not yet cut the interest rates of its savings plans. In such a situation, the interest rates of the post office have become even more attracted than the banks. Today, here we will tell you about one such scheme of post office, in which you will get a fixed interest of Rs 2,24,974 directly.
If you deposit 5 lakhs, you will get Rs 7,24,974 on maturity
Like FD accounts to be opened in banks, TD accounts are opened in the post office. TD accounts of 1 year, 2 years, 3 years and 5 years are opened in the post office. The post office is paying 6.9 percent on 1 year TD, 7.0 percent on TD of 1 year, 7.1 percent on TD of 3 years and 7.5 percent on 5 years TD. If you deposit Rs 5 lakh in a 5 -year TD in the post office, then you will get a total of Rs 7,24,974 on maturity. This amount includes Rs 2,24,974 of interest in addition to Rs 5,00,000 for your investment.
All customers get equal interest in the post office TD scheme
In the TD scheme of the post office, customers get absolutely fixed interest with a guarantee. Let us tell you that all customers get equal interest on the TD account of the post office, whether it is ordinary citizen or senior citizen. At least Rs 1000 can be deposited in the TD account, while there is no limit of maximum deposit. Your money deposited in the post office is completely safe. Actually, the post office is a government machinery, which the center operates. In such a situation, it is the responsibility of the government to protect each money deposited in the post office.
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