All banks providing services in the country are running various types of savings and investment plans for their customers. Banks are giving good interest rates to their customers on various schemes. However, in case of offering high interest rate to customers, the post office is giving strict competition to all banks. Let us tell you that the post office works under the Government of India. Therefore, your money invested in any post office scheme is completely safe. Today we are going to tell you about one such scheme of post office, in which great interest is being given.
Post office TD account can be opened from just Rs 1000
The post office fixed deposit (TD) scheme is exactly like the bank’s fixed deposit (FD) scheme. The TD account at the post office can be opened for minimum 1 year and maximum 5 years. The post office is offering interest rates from 6.9 percent to 7.5 percent on TD accounts to its customers. Let us tell you that TD can be done in the post office for 1 year, 2 years, 3 years and 5 years. You can open a TD account by depositing a minimum of Rs 1,000 in the post office TD, while there is no maximum limit on the deposit.
Deposit ₹ 2,00,000 and get a fixed interest of ₹ 29,776
The post office is paying 7.0 percent interest on 2-year-old TD. If you deposit Rs 2 lakh in a 2 -year TD scheme, you will get a total of Rs 2,29,776 on maturity, including interest of Rs 29,776. Let us tell you that in the post office TD scheme, customers get definite and guaranteed interest and there is no risk. Any person can open an account under the post office’s TD scheme. It can also open a single account as well as a joint account. Names of maximum 3 people can be added to the joint account.
