Post office will get a return of Rs 7,24,974 on investing 5 lakh

Post office: Post office presents a great opportunity to invest in savings schemes, especially for those who are looking for safe and guaranteed returns. While banks have reduced their FD rates after the RBI repo rate cut, the post office has not made any changes in its interest rates. It is an attractive and safe option for investors. Today we will tell you in detail about those schemes of Post Office, in which you can get guaranteed returns.

Interest on time deposit scheme

Post office savings schemes currently have four major time deposits (TD) interest rates available, which investors can take advantage of. Separate interest rates are given on time deposits of 1 year, 2 years, 3 years and 5 years:

• 6.90% interest on 1 year TD
• 7.0% interest on 2 year old TD
• 7.1% interest on 3 year old TD
• 7.5% interest on 5 year old TD

A major advantage of these post office schemes is that it gets a complete guaranteed return. This is a safe investment option for investors as the money in it comes under the security of the central government.

This is how returns of Rs 2.25 lakh will be available

Now the question arises that how much returns you can get by investing in Post Office. If you invest ₹ 5,00,000 in the 5 -year time deposit scheme of the post office, then you will get ₹ 7,24,974 on maturity. Out of this, ₹ 2,24,974 will be guaranteed. This scheme is especially beneficial for investors who want to increase their money with safe and sure returns.

Post office security and guarantee

Post office plans are completely guaranteed by the Indian government. This means that the money you invested do not have any risk. While the risk of your money depends on the bank and financial situation compared to banks, there is complete security and stability in the post office plans. The advantage of this is that your money is completely safe under government security.

Benefits of post office compared to banks

Senior citizens get high returns in banks, but all investors in the post office get equal returns. Due to this similar return, post office plans are attractive to all investors who want equal benefits. In addition, the functioning of post office plans is simple and transparent, in which investors can easily track their investment status.

Post office plans not only give good returns to investors, but they are completely safe and under government guarantee. If you want to increase your money safely, then the post office time deposit scheme can be a great option.

Other benefits of post office TD scheme

You also get many other benefits by investing through the post office. For example, if you invest for 5 years, you will also get the benefit of saving tax. In addition, post office plans are matured in a very short time, which gives you your return quickly. If you want a safe and guaranteed return, then consider the post office time deposit.

conclusion:

Post Office savings plans are a great investment option, especially for those who want to increase their money in a safe and guaranteed way. If you want to keep your money safe for a long time and get good returns, then see the post office plans.

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