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Monday, May 23, 2022

Post Office FD: Invest in post office FD scheme to get higher returns, know all the details of the scheme

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Post Office Fixed Deposit Schemes: Indian Post Office keeps on coming up with various schemes for its customers from time to time. There is a big middle class in the country, so even today they do not like to invest on market risk schemes. If you are looking for investment option away from market risk then you can invest in Fixed Deposit Scheme of Post Office.

Although banks also offer the option of fixed deposits, their interest rates are often low. At the same time, customers get more returns on post office FD as well as security guarantee of the government. If you are also planning to invest on post office FD scheme, then we will give you some details of this scheme. Tells special things. So let’s know about this-

You can invest in the post office scheme for such a long time
Giving information about this on its official website, the post office has said that doing FD in the post office is an easy process. In this, you can do FD for 1 year, 2 years, 3 years and up to 5 years.

Interest is available on post office FD
It is worth noting that you will get 5.50 percent interest on FDs of tenure ranging from 7 days to 1 year in the post office. At the same time, you get an interest rate of 5.50 percent on FDs of 1 year 1 day to 2 years FD. At the same time, 5.50 percent interest rate would be available on 3 year FD and 6.70 percent interest rate on 3 to 5 year FD.

Customers get this benefit on Post Office FD

  • Investing in this scheme is free from market risks.
  • You get the facility of online transactions like Net Banking, Mobile Banking.
  • Cash transactions can be done through this scheme.
  • You can make more FDs than you in the post office.
  • Investment in a 5-year FD scheme is eligible for exemption under section 80C of Income Tax.

How to open post office FD-
Let us tell you that to open FD in the post office, you can open an account by visiting any nearest post office near your home. You have to invest a minimum of Rs 1,000 to open an FD. You can invest in FD in multiples of 100 only. You must be above 18 years of age to invest in this scheme.

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