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Investment Tips: Most investors do not know this trick to triple the amount from FD..

Shikha Saxena May 06, 2025 07:15 PM

If you want to invest for the long term but do not want to take any kind of risk on your investment, then invest in Post Office FD. Through this FD, you can easily multiply your investment up to 3 times. FD schemes of 1, 2, 3, and 5 years tenure are run in the post office. To triple the amount, you have to invest in a 5-year FD. 7.5 percent interest is being given on a 5-year FD. Along with this, you also get tax benefits under Income Tax Act 80C.

Know how the amount will be tripled.

By investing in a 5-year FD of the post office, you will have to extend this FD before it matures. You will have to do this extension 2 times in a row, that is, you will have to run this FD for 15 years. If you invest Rs 5 lakh in this FD, then according to the interest rate of 7.5 percent, you will get Rs 2,24,974 interest on this amount in 5 years. In this way, the total amount will be Rs 7,24,974.

But if you extend this scheme for 5 years, then in 10 years you will get Rs 5,51,175 only as interest and after 10 years your total amount will be Rs 10,51,175. You will have to extend it once more before it matures. In such a situation, on the 15th year, you will get Rs 10,24,149 only as interest on an investment of 5 lakh. In this way, you will get Rs 15,24,149 on maturity. In this way, your deposited amount will be returned three times.

Understand the rules of extension.

1 year FD of the post office can be extended within 6 months from the date of maturity, 2 2-year FD within 12 months of the maturity period, and for extension of 3 and 5-year FD, the post office has to be informed within 18 months of maturity period. Apart from this, you can also request for account extension after maturity at the time of opening the account. The interest rate applicable on the respective TD account on the day of maturity will be applicable for the extended period.

Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.