Post Office Scheme: It is the dream of every parent to raise their children well. Fulfill all their wishes. Worry about their future, and how their child becomes financially strong so that later on he does not have to beg in front of anyone due to lack of money. Parents do some savings every day to save the future of their children. Therefore, parents start doing all kinds of financial planning as soon as the child is 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 fixed deposit i.e. lump sum amount to meet the future needs of the child. Let us tell you today about a scheme of the post office which provides more returns in less 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 given on a 5-year FD. It provides better interest than banks. Through this scheme, if you want, you can more than triple the amount, that is, if you invest Rs 5,00,000, then you can get 15,00,000 in 180 months. Know how this scheme works.

This is how 5 lakhs will become 15 lakh rupees.

There is nothing to do to make 5 lakhs into 15 lakhs. You have to deposit the amount of Rs 5 lakh in the FD of the post office 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 After 5 years, the maturity amount will increase to Rs 7,24,974, but this amount will not have to be withdrawn, rather it has to be deposited again for the next 5 years.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 an amount of 5 lakh, and your amount will become Rs 10,51,175.

Similarly, it will have to be fixed once again for 5 years, that is, you will have to fix it twice for 5 years each, in 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 investment of 5 lakh only through interest and you will get a total of Rs 15,24,149. In simple language, to make 15 lahks from 5 lakh, you will have to increase the post office FD twice. There are some rules for this which you should understand.

Post Office TD Interest Rates

Like banks, in post offices too you have the option of FD of different tenures. Different interest rates are given for each tenure. The current interest rates in post offices are as follows.

One year accounts for 6.9% annual interest.

Two years account for 7.0% annual interest.

Three years account 7.1% annual interest

Five-year account 7.5% annual interest

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