Invest in Post Office TD, Get Fixed Returns up to Rs 2 Lakh in Just 5 Years

Earning money is crucial, but investing it wisely is equally important. Think carefully before investing. Let's explore a secure investment scheme with good returns.

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Post Office Time Deposit Scheme

For those seeking a secure saving option with government backing, the Post Office Time Deposit (TD) Scheme is a great choice. Like bank FDs, it offers fixed interest. It's popular for its low risk and tax benefits. You can deposit for your preferred duration.

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What are the interest rates?

The Postal Department recently revised TD interest rates:1 year: 6.9% (unchanged)2 years: Reduced from 7% to 6.9%3 years: Reduced from 7.1% to 6.9%5 years: Increased from 7.5% to 7.7%

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How much can you invest?

Invest a minimum of Rs 1000, with no maximum limit. Tenures are 1, 2, 3, and 5 years. Interest is calculated quarterly and paid annually. Open personal, joint, or minor accounts. Transfer your account to another post office. 5-year TDs offer tax benefits under 80C.

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Returns on Rs 1 Lakh Investment

Here's what you get by investing Rs 100000: 1 year: Rs 1,06,9975 2 years: Rs 1,14,162 3 years: Rs 1,21,558 5 years: Rs 1,38,570

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Rs 5 Lakh Investment Yields Rs 2 Lakh Interest

Invest Rs 5 Lakh and get: 1 year: Rs 5,34,877 2 years: Rs 5,70,806 3 years: Rs 6,07,790 5 years: Rs 6,92,840 Profit (Interest): Rs 1,92,840 (almost Rs 2 Lakh). Higher returns than bank FDs, plus tax benefits. Contact your nearest post office for details.