Post Office FD Details: Do you also want to do fixed deposit, you are getting more interest in post office than banks, check the scheme immediately…

Post Office FD Details: If you also want to invest your money in FD, then you can invest money in the post office scheme. In this you will get higher interest rate than the bank.

Post Office FD Details: Post Office Time Deposit

You can open your savings account in the post office with just Rs 500. To make FD of money, you can invest in time deposit. In this you will get interest ranging from 6.9 percent to 7.5 percent.

In this you can open an account with just Rs 1000. At the same time, there is no limit on the maximum amount to be invested.

You will get profit of more than Rs 2 lakh from time deposit

If you invest Rs 5 lakh in Post Office Time Deposit Scheme for 5 years, you will get interest at the rate of 7.5 percent. That means after 5 years you will get a total of Rs 7,24,974, out of which Rs 2,24,974 will be only for interest.

If you wish, you can extend your FD further. If you extend your FD for the next 5 years, you will get Rs 10,51,175 after 10 years. There will be interest of Rs 5,51,175 in this.

In this scheme of post office, you can get FD from 1 year to 5 years. You will get 6.9 percent interest on 1 year FD. At the same time, 7 percent interest will be available on 2 year FD and 7.1 percent interest on 3 year FD.