Many saving schemes are being operated by the Post Office keeping in mind different income groups, from children to the elderly. People also get many great benefits by investing in these post office savings schemes. Keeping this in mind, today through this article we will tell you about a very wonderful scheme of the post office.
No risk of any market risk
The name of this scheme run by Post Office is ‘Post Office Time Deposit Scheme’ by investing in which you can get benefit of lakhs. If you invest in this post office savings scheme, you can get many benefits. By investing your money here you get strong returns. Along with this, you are also not exposed to any other type of market risk.
7.5 percent interest is available
At present, the Post Office has run a scheme for the people, which is ‘Post Office Time Deposit Scheme’ in which you get 7.5 percent interest rate on investment. You can invest your money in this scheme for 1 year, 2 years, 3 years and 5 years. If you invest your money in this post office scheme for 1 year, then you get an interest rate of 6.9 percent. Apart from this, if this investment is made for two or three years. So it has an interest rate of 7% and if you invest for 5 years, you can get an interest rate of 7.5%.
Apart from this, if you invest Rs 5 lakh in ‘Time Deposit Scheme’ for 5 years, then in such a situation you get interest at the rate of 7.5%. According to that, you will be able to get interest of Rs 2,24,974 on Rs 5 lakh in 5 years. Yes, after investing your money for 5 years, you will have accumulated a total amount of Rs 7,24,974 at the time of maturity. In such a situation, you can get a benefit of lakhs of rupees through this scheme of the post office.
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