Post Office Small Savings Scheme is considered to be the best option for investment. Because the money invested in the post office is completely safe and returns assured. That is why a wonderful scheme is being run in the post office. Post Office TD Scheme can be invested for a period of 1 year to 5 years.
These offer varying interest rates over a period of 1 year to 5 years. On a tenure of 1 year, the interest is 6.9 percent and on a tenure of 2 years, the interest is 7 percent. 7.01% interest is available for a period of 3 years but in Post Office TD Scheme, 7.5% interest per annum is available for a period of 5 years.
Post Office TD Scheme Investment Period
If one wants to invest in Post Office Time Deposit Scheme! So he can choose investment and duration as per his choice.
A lump sum investment is made in Post Office Time Deposit Scheme. In this scheme you can invest a minimum of ₹1000 and maximum you can invest as much as you want.
There is no investment limit in Post Office Time Deposit Scheme. If you invest more money in Post Office TD scheme, you get tax benefit.
This way you will get compensation of lakhs of rupees
If one chooses a tenure of 5 years to invest in Post Office TD Scheme! In which if he invests a lump sum of ₹3 lakh, he gets 7.5% interest per annum on this invested money.
And time deposit scheme earns interest of Rs 134988 in 5 years. Accordingly, on maturity of the Post Office Time Deposit Scheme, the total amount refunded is Rs 4,34,984.
Note: The information provided here is for your information only. TV9 Gujarati does not provide any investment advice. Seek expert advice before investing.
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