Post Office Scheme: It is every parent's dream to raise their children well. Fulfill all their wishes. Worry about their future, and how their child can become financially strong so that he/she does not have to beg in front of anyone due to lack of money. Parents save some money every day to save their children's future. That is why parents start doing all kinds of financial planning as soon as their children are born.
With the birth of the child, some parents start investing in many schemes like PPF, RD, and Sukunya. Apart from this, some people plan to deposit a lump sum amount in a fixed deposit to meet the future needs of the child. Let us tell you today about a scheme of the post office which provides high returns in a short time. Under this scheme, you can make five lakh rupees up to 15 lakh rupees. This scheme of the post office is amazing. This scheme is very popular among the common people.
Invest money in the post office term deposit scheme.
If you want to invest a lump sum amount, then Post Office Term Deposit i.e. Post Office FD is the best option for you. In this scheme of Post Office, good returns are being received on a 5-year FD. It provides better interest than banks. Through this scheme, if you want, you can more than triple the amount i.e. if you invest Rs 5,00,000, then in 180 months you can get 15,00,000. Know how this scheme works.
This is how you can earn 5 lakh to 15 lakh rupees.
You don't have to do anything to make 5 lakhs into 15 lakhs. You have to deposit the amount of 5 lakh rupees in the post office FD for 5 years. The post office gives an interest rate of 7.5 percent on a 5-year FD. After 5 years, the maturity amount will increase to Rs 7,24,974, but this amount should not be withdrawn, rather it has to be deposited again for the next 5 years. In this way, in 10 years you will get Rs 5,51,175 through interest on the amount of 5 lakh, and your amount will become Rs 10,51,175.
Similarly, you will have to fix it once again for 5 years, that is, you will have to fix it twice for 5 years each, this way your amount will be deposited for a total of 15 years. At the time of maturity in the 15th year, you will get Rs 10,24,149 from the interest on an investment of 5 lakhs and you will get a total of Rs 15,24,149. In simple language, to make 15 lakhs from 5 lakhs, you will have to increase the post office FD twice.
Post Office TD Interest Rates
Like banks, in post offices too you have the option of FDs of different tenures. Different interest rates are given for each tenure. The current interest rates in post offices are as follows.
