Post Office TD Scheme : Earn 30 Lakh Rupees in 10 Years – A High-Yield Investment Option

Post Office TD Scheme : Scheme giving tremendous returns, you will get 30 lakh rupees on maturity, know the calculation

The post office runs many schemes, one of which is the Post Office Scheme Time Deposit. It gives high earning ability. Along with the scheme of the post office, good returns are also obtained. In such a situation, hardly anyone minds investing in the post office scheme.

Therefore, if you are planning to invest in such an arrangement of post office, then you get a lot of money in it along with you would get a strong profit in a short time. And we will discuss one such scheme in detail.

It’s literally a Post Office TD Scheme, investments through this scheme get a strong benefit. If you want to invest in the Post Office’s TD scheme, you can easily open an account by going to the nearest post office.

How much interest is being received

For your knowledge, the Post Office TD scheme provides interest at 7.5 percent. Let us tell you that the Post Office TD scheme can be initiated by just Rs 1 thousand. At the same time, you can invest as per your wish.

Invest 5 lakh rupees in the Post Office TD scheme.

If you invest in the Post Office TD scheme for 5 years, you will be getting 7.5 percent interest during this period. After 10 years, you will get 5 lakh 51 thousand 175 rupees, with 5 lakh rupees purely being interest. At maturity, you’ll get the total amount of 10 lakh 51 thousand 175 rupees.

How much return will you get by investing 10 lakh rupees?

If you invest in a 5 year FD then you can also invest in this scheme. Simultaneously, let us tell you that you can also extend this scheme before its maturity. In this, you can take extension 2 times continuously. You can invest in this FD scheme for up to 15 years.

For example, if you invest Rs 10 lakh in Post Office FD, then after 5 years you would have been able to obtain an interest of 7.5 percent. Your investment will work out to be Rs 4 lakh 49 thousand 948. Then, this will imply that at the end of five years, you will get a total sum of Rs 14 lakh 49 thousand 948.

Many benefits are available

Now, if you invest in the Post Office TD scheme for 5 years, then you will also get tax benefit under Section 80C of Income Tax. Apart from that, once you invest in this Post Office scheme, then you can withdraw the amount you have invested before the completion of 6 months. We can further extend the maturity date of this scheme also. You can do this six months prior to the maturity date of this scheme.

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