Post Office Special Scheme: Earn ₹450000 from interest in this scheme of Post Office, invest money only once
Post Office Time Deposit Scheme: This is one of the most popular schemes run by the post office and helps you earn lakhs of rupees through interest. There is a facility to open both single and joint accounts in this.
Children, old people, young people or women, many different saving schemes are being run by the post office for everyone. The special thing is that while there is a strong return on investment in these, on the other hand, the government itself guarantees the safety of the investor’s money. In these schemes, strong profits can be earned even on small investments. One such great scheme is the Post Office Time Deposit Scheme, in which more than Rs 4 lakh can be earned from the interest on investment. Let’s know how…
Money is safe and strong returns
Often people plan to save some money from their earnings and invest it in a place where money is safe as well as great returns can be obtained. In this regard, if we talk about the popular Post Office scheme Post Office Time Deposit Scheme, then along with tremendous interest, it also offers many other great benefits. The government offers 7.5 percent interest (PO TD Interest Rate) on investment in it for 5 years. As per the name of the scheme, investments can be made for different tenures and the interest on the investment is paid at different rates.
6.9 percent interest on investing for one year
7 percent interest on investing for two years
7.1 percent interest on investing for three years
7.5 percent interest on investing for five years
An account can be opened in the scheme with a minimum of Rs 1,000
Interest money is added on the investment on an annual basis
How will you earn 4.5 lakhs from interest?
Post Office Time Deposit Scheme is considered to be one of the best Government Schemes included in the list of Post Office Saving Schemes, because it gives the benefit of strong interest, guaranteed income as well as tax exemption. Now if we calculate the earning of Rs 4.5 lakh from interest alone through investment in it, then it can be easily understood.
| Investment period |
5 years |
| Investment amount |
Rs 10 lakh |
| interest on investment |
7.5 per cent (annually) |
| Return on maturity |
Rs 4,49,948 |
| Total Fund after 5 Years |
Rs 14,49,948 |
You can increase or decrease your investment and accordingly the interest income will also increase or decrease. For example, if an investor invests Rs 5 lakh in it for five years, then he will get interest of Rs 2,24,974 and the total maturity amount will be Rs 7,24,974. This scheme is most popular because it helps in earning lakhs of rupees from interest alone.
Many benefits like tax exemption, loan, etc.
are available in the Post Office Time Deposit scheme. Tax exemption benefits are also available under Section 80C of the Income Tax Act 1961. Loan can also be taken on investment in this scheme, rules have been set for this. Along with this, a single account or a joint account can be opened in this post office saving scheme. The account of a child above 10 years of age can be opened through his/her family member.
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