Now you will get so much return after providing 2 lakh FD in Post Office?See calculation
Post Office FD Scheme: Post office has always been considered to be the most reliable means of safe investment for common people.The fixed deposit (FD) scheme opened here also gives good returns to small investors.Whether it is village or city, educated or illiterate, everyone can protect their money by providing FD in the post office and can take definite advantage in future.The special thing is that there is also a government guarantee in it, so there is no fear of any kind of damage in it.
What is the post office FD scheme
The FD scheme of the post office is also called "Time Deposit".In this, you deposit money for a fixed time and you get interest on it.On completion of the time, you get your principal and the interest on it back together.This scheme is perfect for those who need stable returns without any risk.
How much interest rate does you get
Currently, 7.5% annual interest rate is being given on the post office FD.This rate can also be changed according to different times and government rules.But if we look at the current rate, it is more than many FD schemes of the bank, so investors are very fond of it.
How much will the return be
If a person deposits Rs 2 lakh in the post office FD for 5 years, then he will get an interest of Rs 89,990.That is, after 5 years, its total amount will be Rs 2,89,990.This calculation is based on the current 7.5% interest rate.Similarly, if more amount is deposited, then interest and total amount will also increase accordingly.
Who can make FD
Any Indian citizen can get FD in the post office.In this, you can open an account in the form of a single account or in a joint account.This feature is also good for families who want to save jointly.
Why invest in post office FD
Post office is the biggest quality of FD, security and government guarantee found in it.There is no risk of your money by investing here.Also, you get firm returns on time.This scheme is better for those who want to avoid risky means like stock market or mutual funds and only want to invest money.Post Office FD scheme is a safe and reliable option for investors.Not only does you get good interest in this, but your money is also completely safe.For those who want stable and firm benefits for the future, it can prove to be a great plan.Disclaimer: The information given in this article is aimed at general information.Before investing, please go to the post office and confirm the current interest rate and rules and also take the opinion of the advisor according to your financial situation.