If you have a little money and are not coming in any work, then you can use it to earn money in the post office. You can get EDFI (FD) done in the post office of this amount, on which you get good interest every year. With this interest you can earn money in the post office. How you can earn interest from FD and how you can earn money on interest also, you will read all this process here.
How to Apply FD?
If you have a little money and are not coming in any work, then you can use it to earn money in the post office. You can get this amount posted in the post office, on which you get a good interest every year. With this interest you can earn money in the post office. How you can earn interest from FD and how you can earn money on interest also, you will read all this process here.
The full name of the Fadi is Fixed Deposit. Fixed deposit is a type of account. In this, your FD account is opened, in which fixed money is deposited for a fixed time. If you take it out at a certain time, then you get a good interest on it. You can open it in both the post office and the bank.
How can I open FD account in post office?
There are many benefits of opening an FD account in the post office. Here you can invest less money. Here you can start with just 200 rupees. Here you get the interest rate on fd of 7% per annum. Interest is calculated here in three months. Meaning you get interest four times a year. If you want to invest your money in one go, then this is a good option.
How long is RD in the post office? Maturity period of FD
In post office term deposit, you can deposit your money for 1 year, 2 years, 3 years and five years. You can invest only once in any one account. However, you can open any number of accounts in the post office. In this scheme you can start from Rs 200. After this you can invest in multiples of 200.
How much interest is available in post office FD? What is the interest for postal FD?
In this scheme you are given interest annually. If you cannot go to the post office to take interest every year, then you can instruct the post office that the annual interest be transferred to your post office saving account. Here you will get interest on the same interest at the rate of four per cent. You get this facility on FDs of two, three and five years.
How many years FD will double in post office?
Apart from this, you can also apply in this post office that you convert the interest you are getting into RD. You can get your annual interest transferred in 12 monthly installments in the recurring deposit of the post office itself. For this, only a small application has to be made. With this, you can earn up to 6.9% interest on your interest.
Getting FD is very beneficial in itself. In this, you do not have the hassle of depositing money again and again, you can easily use the interest earned in earning another interest. This means you can get double benefit. So today go to your nearest post office and find out and apply.
Note: This article has been shared for your information. Before investing in any plan, understand and know about it well and then decide on your discretion.