Post Office Scheme: Secure Your Future with a Safe Investment

If you are looking for a secure and high-return investment, the Post Office Term Deposit (FD) scheme is an excellent option. It offers better interest rates compared to banks and has the potential to triple your investment over time. By investing Rs 500,000, you can grow your savings to over Rs 15,00,000 through strategic reinvestment.

How Rs 5 Lakhs Becomes Rs 15 Lakhs

1. First 5-Year Investment:

   • Invest Rs 500,000 in a Post Office Fixed Deposit (FD) for 5 years.

   • The current interest rate for a 5-year FD is 7.5% per annum.

   • After 5 years, your maturity amount will be Rs 7,24,974.

2. Reinvestment for Another 5 Years:

   • Instead of withdrawing, reinvest the matured amount for another 5 years.

   • With continued interest accumulation, your investment will grow to Rs 10,51,175.

3. Final 5-Year Reinvestment:

   • Extend the investment once more for 5 years.

   • After 15 years, your interest earnings alone will be Rs 10,24,149.

   • The total amount will be Rs 15,24,149, more than three times the initial investment.

Rules for FD Extension

To maximize returns, you need to extend the FD twice. Here are the key rules:

• 1-Year FD: Extend within 6 months of maturity.

• 2-Year FD: Extend within 12 months of maturity.

• 3-Year & 5-Year FD: Extend within 18 months of maturity.

• You can also request an automatic extension at the time of account opening.

Current Post Office Term Deposit Interest Rates

This scheme is particularly useful for securing your child’s future, planning for retirement, or building long-term savings. By following a disciplined investment strategy, you can make the most of the Post Office FD scheme and enjoy significant financial growth.