Post Office Schemes: Secure Your Future with Higher Interest Rates Than Bank FDs
Post Office FD : Now days everyone needs to have a bank account. Only salary from a job may not be enough to maintain all household expenses. So people sometimes try to earn from another source parallel to a job.
Now days, even a job is difficult to find. In this situation, there is only one option, and that is to invest. From investment, anybody can make some extra money. But investment in an Indian Post Office can be the best option.
Where to invest?
Keeping in mind the common man, various types of schemes have been launched by the government. Members of poor and middle-class families can get financial benefits through many schemes.
In today’s fiery market, it has become very difficult to run the family or plan the future with just the salary of the job. There is no speed without investing to gain extra money. But where to invest?
Before investing, the first question that comes to people’s minds is about security. We are going to tell through this report an investment way where guaranteed security is offered with a guarantee of profit.
Interest Rate has increased
The time deposit scheme run by the Indian Post Office has now become quite popular. Guaranteed additional income can be made by keeping a lump sum in this scheme. There is a facility to earn millions of rupees from interest alone.
Because the government has increased the interest rate of this post office scheme. Earlier, 7% interest was available on the post office time deposit scheme.
It is now available at 7.5% interest. As a result, the amount of profit will be much higher. Money can be deposited in this scheme for 1 year, 2 years, 3 years, and 5 years.
If you invest for five years, you can get the most profit. Let’s assume a person has deposited Rs 5 lakh in a post office time deposit for a total of five years.
How much money will you get?
He will get 7.5% interest on this money. If you calculate, you will see that the person’s profit will be Rs 2,24,974 at 7.5% interest on Rs 5 lakh.
Then he will get a total of 7 lakh 24 thousand 974 taka at the time of maturity.