Post Office Scheme: Some post office schemes give great benefits to the people. Everyone wishes to invest in a safe place where money is secure and one can get bumper benefits. Do you know that, like the FD scheme of banks, the post office also works to provide bumper benefits to the people through time deposits, i.e., the TD scheme?
Bumper benefits can be availed by investing in the post office’s TD scheme. Invest once, and then you will get huge benefits. Bumper interest is available in this post office scheme. This is a better plan than the FD of banks, where there will be no confusion. In TD, investors benefit from interest ranging from 6.9 per cent to 7.5 per cent. You can know the essential things related to the scheme below.
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Important things related to the Post Office TD Scheme
In the TD scheme of the Indian Postal Department, investors can deposit their money for 1 year to 5 years. An account can be opened in the scheme with a minimum of Rs 1,000. There is no limit on the maximum deposit amount. The interest received in a TD account will depend on the investment period.
A 2-year TD gives the benefit of 7.per cent interest. If you invest up to Rs 2 lakh in the TD scheme, you will get a total benefit of Rs 2,29 on maturity,776. This will also include interest of Rs 29,776. This interest is guaranteed and fixed, where there will be no risk.
Who can open a TD account?
The unique thing about the Tpost office’s TD scheme is that anyone can open an account. A joint account can also be opened along with a single account. The names of a maximum of three people can be included in the joint account. This scheme is perfect for small and big investors.
What are the benefits of the scheme?
There are many significant benefits of the TD scheme of the post office. After investing in it, your money is going to be completely safe. The interest rates offered by post office TD are higher than those provided by banks. Also, flexibility and the option to choose a period of 1 year to 5 years is available. You can open an account in the post office with Rs 1,000. Some essential documents will be required for this.
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