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Post office scheme: Safe Investment, Great Return – Getting FD and RD in Post Office are big benefits

Investing in the post office scheme is always safe. The reason for this is that the government gives Sovereign Guarantee on the amount to be deposited here.

There are several options for investing in Post Office. There are many long-term small savings schemes of the post office, in which investment can be made substantially. Sukanya Samriddhi Yojana for senior citizens to daughters is included. At the same time, Fixed Deposit and Recurring Deposit (RD) accounts can also be opened in the post office. The special thing is that the post office gets more interest than the banks.




What is the benefit of post office?

Investing in the post office scheme is always safe. The reason for this is that the government gives Sovereign Guarantee on the amount to be deposited here. Now online facility is also being provided in the post office. Apart from this, customers can also avail banking facility through India Post Payments Bank.

More returns from the bank

Returning an FD for 5 years or a Recurring (RD) deposit for 5 years in the post office gives more returns than any bank. The FD scheme of the post office is also known as National Saving Time Deposit Account. In the time deposit scheme, an account is opened with a minimum of 1000 rupees. In this, you can deposit as much as you want in multiple of 100. There is no limit to the amount in this.

6.7 percent of interest is received

According to the India Post website, money can be deposited in the post office’s time deposit account for 1 year, 2 years, 3 years and 5 years. It has an interest rate of 5.5 per cent per annum for 1 to 3 years. The annual interest rate for investing in a post office’s time deposit account for 5 years is currently 6.7 percent. In this way, the amount will be received on maturity with 6.7 percent interest as a return. There is not much interest on Fixed Deposit anywhere else.

More benefit on recurring deposits

Recurring deposits can be made for 5 years in the post office. It has to be deposited at least 100 rupees every month. Any amount can be invested in a multiple of 10 rupees in this account. Currently, the interest on recurring deposits for 5 years in the post office is 5.8 per cent per annum. The interest rate is calculated every third month. After maturing in post office recurring deposit after 5 years, the account can be extended further.

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