The post office is offering its customers bumper interest rates of 6.9 percent on 1 year FD, 7.0 percent on 2 year FD, 7.1 percent on 3 year FD and 7.5 percent on 5 year FD.
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Post Office Saving Schemes: Post Office is running many types of savings schemes for its customers. Post Office savings schemes include many schemes like RD, TD, MIS, SCSS, PPF, SSA, KVP. Post Office is giving more interest on TD scheme than FD of banks. Let us tell you that the TD (Time Deposit) scheme of the post office is exactly like the FD scheme of banks, where you get all the money back with fixed interest after a fixed time. Today we will tell you about such a scheme, where you can get a huge interest of Rs 23,508 by depositing only Rs 1 lakh.
Bumper interest of up to 7.5 percent is being given on FD in the post office
FD accounts can be opened in the post office for 1 year, 2 years, 3 years and 5 years. The post office is offering its customers bumper interest of 6.9 percent on 1 year FD, 7.0 percent on 2 year FD, 7.1 percent on 3 year FD and 7.5 percent on 5 year FD. A minimum of Rs. 1000 can be deposited in the post office FD account, while there is no maximum deposit limit. Under the post office FD scheme, single accounts as well as joint accounts can be opened. Let us tell you that a maximum of 3 people can be included in a joint account.
7.1 percent great interest on 3-year FD
Post office is getting 7.1 percent interest on 3-year FD. If you deposit Rs 1 lakh in a 3-year or 36-month FD scheme in the post office, then on maturity you will get a total of Rs 1,23,508, which includes Rs 23,508 of fixed interest. Let us tell you that all customers get the same interest in the post office FD scheme, while in banks, senior citizens get 0.50 percent more interest on FD schemes of some selected periods.
Disclaimer: This article is written for information purposes only. Consult your financial advisor before making any kind of investment or taking any financial risk. InformaNewz will not be responsible for any kind of risk.
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