Post Office FD Plan: Fixed Deposit is considered a safe and best option for investment. Like banks, post offices also offer FD schemes. Which are known as time deposits! Recently, the government has increased the interest rates on Post Office Fixed Deposit (Post Office FD Scheme)! Due to which investors are getting more interest on investment than before!
Post Office FD Plan
Post Office FD Plan
Under the Post Office Fixed Deposit Scheme, investors can deposit money for a fixed period! Return on Deposit is Guaranteed! Compound interest is available on lump sum deposits! Interest rate in Post Office FD Scheme chosen by depositors! It depends on the type of fixed deposit.
Post Office Fixed Deposit
FD (Fixed Deposit) interest rates are also different for different periods! Investors can opt for monthly or quarterly payment of interest or reinvestment. Explain that under Section 80C of the Income Tax Act 1961, a tax rebate of up to Rs 1.5 is available on the Post Office FD Scheme from 7 days to 5 years!
Post Office FD Plan
At present the post office is paying 6.9% interest on one year FD (Post Office FD Scheme)! 2 years investment and getting 7% interest (Post Office FD Interest Rate)! At the same time, 7% interest is being received on FD of 3 years and 7.5% on time deposit of 5 years. For more information related to FD (Fixed Deposit) scheme, you can visit the official website of the post office!
How To Open Post Office FD Account
To get FD (Post Office FD Scheme) done in the post office, you can open a fixed deposit account by giving check or cash! FD (Fixed Deposit) accounts can be opened in the post office with a minimum of Rs 1000! And there is no limit to deposit the maximum amount!
Fixed Deposit Premature Withdrawal
Post Office Fixed Deposit (Post Office FD Scheme) account depositor can make premature withdrawal after 6 months from the date of opening the post office FD account! If FD (Fixed Deposit) withdrawal is done between 6 to 12 months from the date of account opening! So the interest will be payable according to the post office savings account interest rate!
Post Office FD Plan Investment
Post Office Fixed Deposit (Post Office FD Scheme) They are perfect! People who want to invest small amount! Housewives can use their savings to open Postal FD account! Because no TDS is deducted on the investment made! This can help them learn the art of saving and managing their finances! This Post Office Fixed Deposit scheme is best to stay invested for 3 to 5 years to reap maximum returns!
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