Post Office Schemes: Deposit ₹ 2,00,000 in Post Office and get fixed interest of ₹ 29,776, check details

Post Office Schemes: The interest rate on Post Office TD scheme is ranging from 6.9% to 7.5%.

Post Office Schemes: The Reserve Bank of India (RBI) has cut the repo rate by a total of 1.00 percent this year. This cut has been done in 3 times in February, April and then June. After the cut in the repo rate, all the banks of the country have also cut the interest rates of FD. However, the post office has not cut the interest rates of its savings schemes in any way. Here we are going to tell you about such a scheme of the post office, in which if you deposit Rs 2 lakh, you will get a fixed interest of Rs 29,776 directly.

Post Office Time Deposit Scheme

The post office runs a savings scheme called TD i.e. Time Deposit for its customers. This scheme is exactly like the FD scheme of banks, in which investors get fixed interest at a fixed time. Interest ranging from 6.9 percent to 7.5 percent is being given on the TD scheme of the post office. The post office is offering its customers an interest rate of 6.90 per cent on 1 year TD, 7.0 per cent on 2 year TD, 7.1 per cent on 3 year TD and 7.5 per cent on 5 year TD.

You will get a fixed return of Rs 29,776 on an investment of Rs 2 lakh in 2 years

The post office is getting 7.0 percent interest on 2-year TD. If you deposit Rs 2,00,000 in the 2-year TD scheme in the post office, then on maturity you will get a total of Rs 2,29,776 with guarantee. This amount also includes a fixed return of Rs 29,776. All customers get the same return in the post office. Whereas in banks, senior citizens get more returns than ordinary citizens. Let us tell you that the post office works under the control of the central government. Therefore, your money is completely safe in it.

Disclaimer: This article is written for informational purposes only. Consult your financial advisor before making any kind of investment or taking any financial risk. InformalNewz will not be liable for any kind of risk.

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