Post Office Launches New FD Scheme, Deposit ₹1,00,000 and get Fixed Interest of ₹44,995, with Government Guarantee.
Post Office FD Scheme : India Post does not just provide postal services—it also offers several banking and financial services. The post office provides a wide range of savings schemes such as RD, TD, MIS, SCSS, PPF, SSA, and KVP, under which various types of accounts can be opened. Among these, the Post Office Time Deposit (TD) Scheme is currently offering higher interest than Fixed Deposits (FDs) in banks. In the post office, FD accounts are opened under the Time Deposit scheme. Today, we will tell you about a scheme in which you can deposit just ₹1 lakh and earn a hefty interest of ₹44,995.
Post Office FD Offers Interest Rates Between 6.9% and 7.5%
India Post offers FD investments for tenures of 1 year, 2 years, 3 years, and 5 years. A 1-year FD earns 6.9% interest, a 2-year FD earns 7.0%, a 3-year FD earns 7.1%, and the highest rate—7.5%—is offered for a 5-year FD. No bank in the country is currently offering such high interest rates.
The minimum deposit amount under the Post Office Time Deposit Scheme is ₹1,000, and there is no maximum limit. You can open both single and joint accounts under this scheme, with up to 3 individuals allowed in a joint account.
Deposit ₹1,00,000 and Earn ₹44,995 in Guaranteed Interest
The post office offers the highest interest rate of 7.5% on the 5-year Time Deposit. If you deposit ₹1 lakh in this 5-year (60 months) FD scheme, you will receive a maturity amount of ₹1,44,995. This includes a guaranteed interest of ₹44,995.
Since the post office operates directly under the Central Government, your investment carries government backing, ensuring fixed returns upon maturity. Also note that, unlike banks where senior citizens receive an additional 0.50% interest on selected FD tenures, the post office offers the same interest rate to all customers.
Disclaimer
This article is intended for informational purposes only. Before making any investment or taking any financial risk, please consult your financial advisor. India TV will not be responsible for any financial risks or losses incurred.