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Post Office Term Deposit: If you believe in safe investment and want to make FD a part of your portfolio, then you should definitely look at the option of post office FD. Post office FD lasts for 1,2,3 and 5 years. Very good interest is available in this. Know if you deposit ₹ 1,00,000 in post office FD, how much will you get back in 1, 2, 3 and 5 years.
How much interest on FD of how many years?
Post Office FD of 1 year gives interest at the rate of 6.9%. Whereas interest is given at the rate of 7.0% on 2 year FD, 7.1% on 3 year FD and 7.5% on 5 year FD.
Interest on 5 year FD
By investing in FD for 5 years, you not only get good interest rates but also get tax benefits. Therefore 5 year FD is called tax free FD. In this, you will get a total of Rs 44,995 in 5 years at the rate of 7.5 percent. In this way, after 5 years you will get a total of Rs 1,44,995 as maturity amount.
How much money will you get on 3 year FD?
If you invest in post office FD for three years, you will get interest at the rate of 7.1 percent. In this case, you will get a total of Rs 23,508 as interest and on maturity you will get Rs 1,23,508.
Return on 2 year FD
If you deposit money for two years, you will get interest at the rate of 7 percent. In this case, you will get a total of Rs 14,888. In this way, after two years you can get a total of Rs 1,14,888.
How much return do you get on depositing Rs 1 lakh for 1 year?
If you invest money in post office FD for 1 year, you will get Rs 7,081 as interest at the rate of 6.9 percent. In this way, after one year you can get a total of Rs 1,07,081.