There are also some such schemes of the post office, which give you good profits in a short time. But in the time deposit you get the assured return guarantee. Who does not want to become a millionaire or a millionaire. But it is very difficult to do this with rising inflation. The salary of most people is reduced by their expenses compared to inflation. Then it is a matter of thinking how to save money on it. Today we are going to tell you about one such scheme. By investing in which you can collect heavy funds in just 5 years. Yes, you can get strong guaranteed returns by investing in post office time deposit scheme.

However, there are some such schemes of the post office, which give you good profits in a short time. But in the time deposit you get assured returns. At the same time, by investing in it, you can also get a tax benefit of up to 1.5 lakhs. In this, you can start investing with a minimum of Rs 1000.

In the post office time deposit, you can invest from 1 year to 5 years. It gives different returns for different years. For example, if you invest in it for one year, then you will get a return of 6.8 percent. At the same time, there is a discount of 6.9 percent on 2 years investment and 7.5 percent on 5 years investment. Let us tell you that your interest is calculated every month in this scheme, which you get annually.

Suppose you invest a fixed deposit of money. 5 lakhs have been invested. Now you will get an interest of 7.5 percent on this. Maturity means you will get Rs 7,24,149 after 5 years. Out of which 5 lakhs are your investment and the rest is your interest. In this, you also get the facility to increase it once more. Meaning if you increase it for more 5 years, then you can earn Rs 10,00,799 on maturity.