North India Statesman
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Do you also want to invest your money somewhere where you get better returns than bank fixed deposits (FD) and your hard-earned money remains completely safe? If your answer is ‘yes’, then the Time Deposit (TD) scheme of the post office can prove to be a great option for you.
Nowadays this scheme is becoming quite popular among the people because it is an unmatched combination of security and great profits.
Understand directly how much benefit there is
Let us understand this with an easy example. Suppose, you are in this post office scheme for 3 years. ₹1,00,000 Let’s deposit. On completion of maturity you will ₹1,23,508 Will meet back. That is, without any risk, you can directly ₹23,508 You will get net interest of Rs.
Why is this bank better than FD?
- High Interest: The biggest feature of this scheme is its interest rate. Post office on 5 years TD 7.5% Is giving tremendous interest. Generally, most of the banks give FD at such a high rate only to senior citizens, but in the post office this excellent interest rate is for everyone.
- 100% Security: Your money is completely safe here because on Government of India guarantee it occurs. There is no risk of stock market fluctuations or any bank sinking here.
- Small investment facility: You do not need to invest lakhs of rupees. you only ₹1,000 You can start investing in this scheme from Rs. 1000 onwards, and there is no limit on maximum investment.
Other special features of the scheme:
- Joint Account: You can also open a joint account alone or with three family members.
- Premature Withdrawal: If you suddenly need money, you can withdraw your deposit after 6 months.
- Calculation of Interest: Interest is calculated every three months, but is paid into your account annually, making your money grow faster.
If you are looking for a safe, reliable and more profitable investment than bank FD, then definitely consider the Post Office Time Deposit Scheme. This can be the easiest and safest way to create a large corpus for your future.
