Know the complete details of the five-year Time Deposit Scheme (TD) of the post office.
For investment in the Post office's 5-year Time Deposit scheme, you can open as many accounts as you want.
The benefit is also available under Section 80C of the IT Act 1961 on the investment made in this scheme.
In this post office scheme, minors, single, joint, or three adults can also open their accounts together.
Post office FD calculator: Let us know what the interest rate calculator of the Post office's 5-year Time Deposit scheme says.
Amount: Rs 1 lakh Duration: Five years Interest rate: 7 percent Actual return: Rs 41, 478 The amount received on maturity: Rs 1,41,478
Amount: Rs 2 lakh Duration: Five years Interest rate: 7 percent Actual return: Rs 82,956 The amount received on maturity: Rs 2,82,956
Amount: Rs 5 lakh Duration: Five years Interest rate: 7 percent Actual return: Rs 2,07,389 The amount received on maturity: Rs 7,07,389
If you do not want to take risks and can be satisfied with fixed returns, then you can invest in this post office scheme.