Post Office TD Scheme, Fixed Deposit: Post Office Savings Scheme is very popular among small investors. Due to this, there is no risk in post office savings schemes at all.
Whereas the interest is also higher than banks. Today we are giving information about a very attractive scheme of Post Office Time Deposit (TD). This is an investment scheme like bank FD. You can invest your money in this for 1 to 5 years.
This savings scheme offers interest at the rate of 6.9 percent for 1 year, 7.0 percent for 2 years, 7.1 percent for 3 years and 7.5 percent for 5 years. If you invest Rs 1 lakh in this scheme, we will give you information about how much money you will get.
How much interest will you get on depositing Rs 1 lakh?
- On 1 year deposit: You will get Rs 7,080 interest; Total maturity amount will be Rs 1,07,080
- On 2 years deposit: You will get Rs 14,888 interest, total maturity amount will be Rs 1,14,888.
- On 3 years deposit: You will get Rs 23,508 interest, 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.