Post Office Time Deposit Scheme: This is one of the most popular schemes run by the post office and helps you earn lakhs of rupees through interest. Single and joint deposits are available in this scheme.
Post Office Saving Schemes are being run by the post office for everyone, be it children, old people, young people or women. The special thing is…
Money is safe and returns are strong
Often people plan to save some money from their earnings and invest it in a place where they can get good returns along with keeping their money safe. In this context, if we talk about the popular Post Office Time Deposit Scheme, then apart from great interest, it also offers many other great benefits.
The government offers 7.5 percent interest (PO TD Interest Rate) on investment in it for 5 years. As per the name of the scheme, one can invest in it for different tenures and the interest on investment is received at different rates.
- 6.9 percent interest on investing for one year
- 7 percent interest on investing for two years
- 7.1 percent interest on investing for three years
- 7.5 percent interest on investing for five years
- An account can be opened in the scheme with a minimum of Rs 1,000
- Interest money is added on the investment on an annual basis
How will you earn 4.5 lakhs from interest?
Post Office Time Deposit Scheme is considered to be one of the best Government Schemes included in the list of Post Office Saving Schemes, because it gives the benefit of strong interest, guaranteed income as well as tax exemption. Now if we calculate the earning of Rs 4.5 lakhs from interest alone through investment in it, then it can be easily understood.
