In today’s time, everyone likes to get FD of their money so that later on they get good interest on that money, but there are some people who look for a safe option for investment where their money is safe and also gives great returns, so let us tell you that the scheme of the post office is considered to be the safest option at this time. Here in this article, we are going to tell you about a special scheme of the post office named Post Office Time Deposit Scheme.
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If you are also looking for a great option to invest your money like Fixed Deposits, then the time deposit scheme of the post office will be the best for you. This scheme is being run by the government in the post office, so investing in this scheme is considered 100% safe. In this scheme, you get the option to invest in different periods, in which you can invest by choosing the period according to your convenience.
Post Office TD Scheme, this many years of period is available for investment
If you are also thinking of investing in the time deposit scheme of the post office, then let us tell you that in this scheme you get the option of a period of 1 year to 5 years, whose interest rate is also different for different periods.
For example, if you invest for a period of 1 year, then you get an interest of 6.9 percent, while on a period of 2 years, you get an interest of 7.0 percent and on a period of 3 years, 7.1 percent interest is given. If you invest for a period of 5 years, then you are given an interest of 7.5 percent.
You can invest this much in Post Office Time Deposit Scheme
If you want to invest in the Post Office Time Deposit Scheme, then let us tell you that you can start investing in this scheme with a minimum of INR 1000 and there is no maximum investment limit, that is, you can invest as much as you want. The longer the period for which you invest, the better the return you will get.
Also Read: How to Turn 1 Lakh into 2 Lakhs? Check Out This Post Office Scheme That Promises Double Returns
You will get this much return on 5 lakh investment
Suppose if you invest INR 5 lakh in this scheme of Post Office for a period of 5 years, then you will be given an annual interest of 7.5 percent by the post office, according to which you will get only interest of INR 2,24,974 in 5 years, which gives you a return of INR 7,24,974.