New Delhi: Amidst rising inflation, the ultimate goal of people is to earn money. People make various efforts to earn money. People consider it appropriate to earn money by investing in banks as well as post offices, for which they try their best. A few days ago, the bank shocked people by reducing the interest rates on FDs.

People have now started moving towards the time deposit scheme of the post office by avoiding banks. There are some specialities of the time deposit scheme of the OST office. In this, the government also gives returns with a guarantee, and the investment here is completely safe. The post office is providing more interest on investment than banks. For this reason, now people consider this scheme more secure and better than a traditional bank FD. It can prove to be a great option for you in old age.

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Interest will be available on doing a TD in the post office.

Do you know that in the time deposit scheme of the post office, more interest is given than fixed deposit? That is why people are paying attention to this. In this, you can invest money for 1, 2, 3 and 5 years. The interest rates in this scheme are also fixed and quite attractive. If you invest in it for 1 year, then you will get up to 6.9 per cent annual interest.

7.1 per cent interest is given to you on investing for 2 and 3 years. If you invest in n time deposit for 5 years, then you will get up to 7.5 per cent interest. This scheme is also considered very special due to guaranteed returns. If you do not want to take a risk, then a time deposit is a great option.

You will also get the benefit of tax exemption.

For information, let us tell you that there are many types of benefits in the time deposit scheme of the post office. The money you invest in the scheme is provided to you with tax exemption under section 80C of the Income Tax. There is also a benefit in a tax-saving bank FD. In this, not only is your money going to be safe, but you can also save tax. This will not cause any problem.