If you deposit 1 lakh rupees in Post Office FD, then you will get so much return?

Post Office FD: If you want to invest money on a safe place and want to get guaranteed returns with interest fixed on your money, then post office FD is a reliable option.In this, the government is fully guaranteed, that is, the money of the investor is absolutely safe.Like bank FD, you get fixed interest here too, but the special thing is that the post office FD is easily available for every small and big villages and towns across the country.This is the reason why it is considered the first choice of safe investors.

What are the post office FD scheme?

Post Office FD is also called National Saving Time Deposit Account.You put a lump sum amount in it and remain in the lock-in period till the scheduled time.After the completion of the time, you get interest with the principal.The special thing is that the interest rate in this scheme is already fixed and there is no risk like the stock market.Therefore it is right for those who need guaranteed and fixed returns.Must read this: Labor Card Latest Update: Lever cards will get 15 thousand rupees, know detail

Who can invest?

You must be a post office customer to invest in post office FD.Any Indian citizen, whether it is a job, a businessman or a farmer, can take advantage of this scheme.Apart from this, you can also invest in the name of your children.Even this scheme is specially created for elderly people, who need safe and no risk options.

How many years will you have to invest?

The duration of investment in this scheme is 1 year, 2 years, 3 years and 5 years.You can choose the duration according to your need and financial planning.If you choose 5 years FD, then you will get the benefit of tax exemption along with interest.This is why most people choose long -term FDs so that they can get more benefit.

You will get so much on 1 lakh deposits

If you deposit Rs 1 lakh in post office FD for 5 years, then after 5 years at 7.5% interest rate you will get a total of Rs 1,44,995.Out of this, Rs 1,00,000 will be your principal and Rs 44,995 will be available as interest.That is, your money will get a guaranteed benefit of about 45% on your money without any risk.This is a good option for those who want safe and fixed returns.Must read this: SBI launched 'Har Ghar Lakhpati Scheme': Get ₹ 591 every month, you will get ₹ 1 lakh State Bank RD

Ret exemption in tax

You get tax exemption under Section 80C of the Income Tax Act on investing in 5 years FD.That is, you can save tax on investment up to Rs 1.5 lakh every year.The advantage of this is that not only will you get guaranteed returns but will also save tax.This feature makes it more special than the rest of FD.