Post Office Time Deposit Scheme: In the post office time deposit scheme, people get a benefit of lakhs only from the interest. Let us tell you what is its complete calculation.

Many people plan to invest in the future. In these people invest in different schemes. In which they can get good returns.

Many people invest in stocks. Many people invest in mutual funds. Some invest in property. And many people invest in savings schemes.

The Government of India also runs many good savings schemes for the people. One of these is the post office scheme. In which very good returns are given.

In the post office time deposit scheme, people get a benefit of lakhs only from the interest. Currently, interest of up to 7.5 percent is being given in this.

In this scheme, you can invest for 1 year, 2 years, 3 years, and 5 years. For 1 year, you will get 6.9 percent interest, for 2 and 3 years 7 percent, while for 5 years, you get 7.5 percent interest.

If you invest 5 lakhs for 5 years. Then after 5 years, you will get an interest of 2,24,974 at an interest rate of 7.5 percent. That means the total amount will be Rs 7,24,974.

To apply for the scheme, you will have to go to the post office with the necessary documents. You can fill the form for the scheme there and submit it along with the necessary documents.