Explore the Post Office Fixed Scheme where a ₹2 lakh deposit can yield ₹29,776 in interest. Learn the details, benefits, and whether this investment is worth it for you.
Post Office Scheme: There has been no reduction in the interest rates offered by the post office for its savings plans. Here, we will inform you about a post office initiative that allows you to directly receive a fixed interest rate of Rs 29,776 if you deposit Rs 2 lakh.
Time deposit plan for the Post Office Fixed Scheme
Customers of the post office can participate in a savings program called Time Deposit, or TD. This plan is similar to banks’ FD plans, where investors receive fixed income at a set time. The post office’s TD plan offers interest rates that range from 6.9 percent to 7.5 percent. The interest rates that the post office offers its customers are 6.90 percent for one year, 7.0 percent for two years, 7.1 percent for three years, and 7.5 percent for five years.
A fixed return of Rs 29,776 will be obtained from an investment of Rs 2 lakh over two years.
Read More | Senior Citizen FD Rates 2025: Earn Up to 7.85% Interest on 3-Year FDs
On two-year TD, the post office is offering interest at 7.0 percent. You would receive a guaranteed sum of Rs. 2,29,776 upon maturity if you deposit Rs. 2,00,000 in a two-year TD program at the post office. Additionally, a fixed return of Rs. 29,776 is included in this sum. In the post office, every consumer receives the same return. Senior citizens, on the other hand, receive higher returns from banks than do regular people. Let us inform you that the central government controls the post office. As a result, your money is entirely secure there.
Looking for the India latest news, tech, automobiles, and travel tips? Head over to https://innovativeschools.in/ for top stories, smart insights, and everything you need—all in one place.